Teekay Co. (NYSE:TK - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 947,300 shares, a decrease of 26.6% from the February 28th total of 1,290,000 shares. Based on an average daily trading volume, of 723,300 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.9% of the shares of the company are short sold.
Teekay Stock Performance
TK traded down $0.14 during midday trading on Thursday, reaching $6.40. The company had a trading volume of 334,415 shares, compared to its average volume of 709,505. The business has a 50-day moving average price of $6.80 and a two-hundred day moving average price of $7.44. Teekay has a 12-month low of $5.98 and a 12-month high of $9.95. The stock has a market cap of $587.75 million, a PE ratio of 4.54 and a beta of 0.56.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings data 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%.
Institutional Investors Weigh In On Teekay
Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Teekay by 296.1% in the third quarter. FMR LLC now owns 73,797 shares of the shipping company's stock valued at $679,000 after purchasing an additional 55,167 shares during the period. PEAK6 Investments LLC lifted its position in shares of Teekay by 704.1% during the third quarter. PEAK6 Investments LLC now owns 55,253 shares of the shipping company's stock worth $508,000 after acquiring an additional 64,399 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Teekay by 209.4% in the third quarter. Verition Fund Management LLC now owns 59,291 shares of the shipping company's stock worth $545,000 after acquiring an additional 40,126 shares during the period. PDT Partners LLC purchased a new position in shares of Teekay in the third quarter valued at $141,000. Finally, Wexford Capital LP purchased a new stake in Teekay during the 3rd quarter worth about $531,000. 46.73% of the stock is owned by hedge funds and other institutional investors.
Teekay Company Profile
(
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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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