Quantbot Technologies LP acquired a new stake in shares of Teekay Co. (NYSE:TK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 140,702 shares of the shipping company's stock, valued at approximately $975,000. Quantbot Technologies LP owned approximately 0.15% of Teekay at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position 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 in the last quarter. FMR LLC grew its stake in Teekay by 296.1% during the 3rd quarter. FMR LLC now owns 73,797 shares of the shipping company's stock worth $679,000 after buying an additional 55,167 shares during the last quarter. PEAK6 Investments LLC increased its position in Teekay by 704.1% during the 3rd quarter. PEAK6 Investments LLC now owns 55,253 shares of the shipping company's stock valued at $508,000 after buying an additional 64,399 shares in the last quarter. Verition Fund Management LLC raised its stake in Teekay by 209.4% in the third quarter. Verition Fund Management LLC now owns 59,291 shares of the shipping company's stock valued at $545,000 after buying an additional 40,126 shares during the last quarter. Finally, PDT Partners LLC acquired a new stake in Teekay in the third quarter worth about $141,000. Hedge funds and other institutional investors own 46.73% of the company's stock.
Teekay Trading Up 0.5 %
Shares of TK stock traded up $0.04 during trading hours on Friday, reaching $6.68. 507,038 shares of the company's stock were exchanged, compared to its average volume of 712,902. The stock has a market cap of $613.01 million, a PE ratio of 4.73 and a beta of 0.56. The stock's fifty day moving average price is $6.83 and its two-hundred day moving average price is $7.48. Teekay Co. has a 1 year low of $5.98 and a 1 year high of $9.95.
Teekay (NYSE:TK - Get Free Report) last issued its quarterly 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 business 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.
Further Reading
Before you consider Teekay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teekay wasn't on the list.
While Teekay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
