Millennium Management LLC decreased its stake in Teekay Co. (NYSE:TK - Free Report) by 46.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 459,107 shares of the shipping company's stock after selling 400,358 shares during the period. Millennium Management LLC owned 0.50% of Teekay worth $4,118,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in TK. AQR Capital Management LLC lifted its stake in shares of Teekay by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 293,759 shares of the shipping company's stock valued at $2,635,000 after purchasing an additional 15,305 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Teekay by 26.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 358,685 shares of the shipping company's stock worth $3,217,000 after buying an additional 74,461 shares in the last quarter. Point72 DIFC Ltd increased its stake in shares of Teekay by 885.2% in the 2nd quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company's stock valued at $43,000 after acquiring an additional 4,311 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Teekay by 19.2% during the 2nd quarter. Renaissance Technologies LLC now owns 4,026,075 shares of the shipping company's stock valued at $36,114,000 after acquiring an additional 649,900 shares during the period. Finally, Sierra Summit Advisors LLC bought a new position in Teekay during the second quarter worth $655,000. 46.73% of the stock is currently owned by institutional investors.
Teekay Stock Down 1.0 %
Shares of TK opened at $9.17 on Friday. The stock has a market cap of $842.17 million, a P/E ratio of 5.88 and a beta of 0.60. The business's fifty day moving average is $8.44 and its 200 day moving average is $8.42. Teekay Co. has a 12-month low of $6.41 and a 12-month high of $9.95.
Teekay (NYSE:TK - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The shipping company reported $0.35 EPS for the quarter. The firm had revenue of $326.14 million during the quarter. Teekay had a return on equity of 7.03% and a net margin of 11.18%.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Teekay from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 28th.
Check Out Our Latest Analysis on TK
Teekay 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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