Nisa Investment Advisors LLC bought a new stake in Teekay Co. (NYSE:TK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,609 shares of the shipping company's stock, valued at approximately $295,000.
A number of other hedge funds and other institutional investors have 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 worth $6,489,000 after purchasing an additional 367,527 shares during the last quarter. MML Investors Services LLC bought a new stake in shares of Teekay during the third quarter worth about $100,000. Cetera Investment Advisers grew its holdings in shares of Teekay by 47.9% during the second quarter. Cetera Investment Advisers now owns 176,707 shares of the shipping company's stock worth $1,585,000 after purchasing an additional 57,242 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Teekay by 23.0% during the third quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company's stock worth $257,000 after purchasing an additional 5,223 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Teekay by 267.9% in the third quarter. Barclays PLC now owns 80,046 shares of the shipping company's stock worth $736,000 after acquiring an additional 58,290 shares during the period. Institutional investors own 46.73% of the company's stock.
Teekay Price Performance
Shares of Teekay stock traded up $0.16 during midday trading on Thursday, reaching $7.19. The company had a trading volume of 678,240 shares, compared to its average volume of 737,638. Teekay Co. has a fifty-two week low of $5.98 and a fifty-two week high of $9.95. The stock has a fifty day moving average price of $6.98 and a 200 day moving average price of $7.85. The firm has a market cap of $659.87 million, a PE ratio of 4.79 and a beta of 0.54.
About Teekay
(
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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