Peak6 LLC bought a new position in Teekay Co. (NYSE:TK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 41,887 shares of the shipping company's stock, valued at approximately $290,000.
Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of Teekay by 17.9% in the 4th quarter. Legal & General Group Plc now owns 11,719 shares of the shipping company's stock worth $81,000 after buying an additional 1,781 shares during the last quarter. Diversified Trust Co raised its holdings in Teekay by 13.2% in the 4th quarter. Diversified Trust Co now owns 16,090 shares of the shipping company's stock worth $112,000 after purchasing an additional 1,879 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Teekay by 7.6% in the 4th quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company's stock worth $208,000 after purchasing an additional 2,109 shares during the period. Barclays PLC lifted its holdings in Teekay by 3.3% in the fourth quarter. Barclays PLC now owns 82,695 shares of the shipping company's stock worth $573,000 after buying an additional 2,649 shares during the period. Finally, New York State Common Retirement Fund boosted its position 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. 46.73% of the stock is owned by hedge funds and other institutional investors.
Teekay Price Performance
NYSE:TK opened at $6.51 on Tuesday. Teekay Co. has a 1-year low of $5.65 and a 1-year high of $9.95. The company has a market capitalization of $597.85 million, a PE ratio of 4.62 and a beta of 0.47. The firm's 50-day moving average price is $6.55 and its 200-day moving average price is $7.14.
Teekay (NYSE:TK - Get Free Report) last announced its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%. The business had revenue of $161.63 million during the quarter.
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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