Koss Olinger Consulting LLC acquired a new position in shares of Teekay Co. (NYSE:TK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 76,321 shares of the shipping company's stock, valued at approximately $529,000. Koss Olinger Consulting LLC owned 0.08% of Teekay at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of TK. JPMorgan Chase & Co. grew its holdings in shares of Teekay by 108.8% during the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company's stock valued at $6,489,000 after buying an additional 367,527 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in Teekay during the 4th quarter worth about $295,000. MML Investors Services LLC purchased a new position in Teekay during the 3rd quarter valued at about $100,000. New York State Common Retirement Fund grew its stake in Teekay by 53.4% during the 4th quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock valued at $60,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Teekay by 23.0% in the 3rd quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company's stock valued at $257,000 after purchasing an additional 5,223 shares during the period. 46.73% of the stock is owned by hedge funds and other institutional investors.
Teekay Stock Performance
Shares of TK stock traded down $0.24 during trading on Friday, hitting $6.73. 1,910,083 shares of the company were exchanged, compared to its average volume of 689,654. The business's 50-day simple moving average is $6.93 and its 200 day simple moving average is $7.53. Teekay Co. has a twelve month low of $5.98 and a twelve month high of $9.95. The firm has a market capitalization of $617.60 million, a price-to-earnings ratio of 4.77 and a beta of 0.56.
Teekay (NYSE:TK - Get Free Report) last issued its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%. The company had revenue of $161.63 million during 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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