JPMorgan Chase & Co. boosted its position in Teekay Co. (NYSE:TK - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043,479 shares of the shipping company's stock after buying an additional 338,105 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.14% of Teekay worth $7,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of TK. Diversified Trust Co boosted its holdings in shares of Teekay by 13.2% during the 4th quarter. Diversified Trust Co now owns 16,090 shares of the shipping company's stock valued at $112,000 after buying an additional 1,879 shares in the last quarter. Principal Financial Group Inc. raised its stake in Teekay by 7.6% during the fourth quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company's stock valued at $208,000 after buying an additional 2,109 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Teekay by 53.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock worth $60,000 after acquiring an additional 3,000 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Teekay in the fourth quarter worth $27,000. Finally, DGS Capital Management LLC grew its stake in shares of Teekay by 13.2% in the fourth quarter. DGS Capital Management LLC now owns 43,909 shares of the shipping company's stock worth $304,000 after acquiring an additional 5,122 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors.
Teekay Stock Performance
Shares of TK traded up $0.25 during trading hours on Friday, hitting $6.64. The company had a trading volume of 603,663 shares, compared to its average volume of 725,882. Teekay Co. has a 52-week low of $5.65 and a 52-week high of $9.95. The firm has a fifty day moving average price of $6.56 and a 200-day moving average price of $7.18. The stock has a market capitalization of $609.33 million, a price-to-earnings ratio of 4.71 and a beta of 0.47.
Teekay (NYSE:TK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%. The firm had revenue of $161.63 million for the quarter.
Teekay Company Profile
(
Free Report)
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.
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