Renaissance Technologies LLC reduced its position in Teekay Co. (NYSE:TK - Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,042,775 shares of the shipping company's stock after selling 145,400 shares during the period. Renaissance Technologies LLC owned 4.40% of Teekay worth $28,016,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Teekay in the fourth quarter valued at about $27,000. New Age Alpha Advisors LLC purchased a new stake in shares of Teekay during the 4th quarter worth $56,000. New York State Common Retirement Fund grew its stake in shares of 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 worth $60,000 after purchasing an additional 3,000 shares during the period. Denali Advisors LLC purchased a new position in shares of Teekay in the 4th quarter valued at about $70,000. Finally, MML Investors Services LLC acquired a new stake in shares of Teekay in the third quarter valued at about $100,000. 46.73% of the stock is owned by institutional investors and hedge funds.
Teekay Stock Performance
TK traded up $0.23 on Thursday, hitting $6.62. 198,106 shares of the company were exchanged, compared to its average volume of 721,397. The business's fifty day moving average is $6.59 and its 200 day moving average is $7.23. Teekay Co. has a fifty-two week low of $5.65 and a fifty-two week high of $9.95. The firm has a market capitalization of $607.50 million, a P/E ratio of 4.68 and a beta of 0.47.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. The business had revenue of $161.63 million during the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%.
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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