Teekay Co. (NYSE:TK - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,040,000 shares, an increase of 22.1% from the January 31st total of 851,900 shares. Based on an average trading volume of 818,800 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.9% of the shares of the company are short sold.
Teekay Price Performance
TK stock traded up $0.12 during trading hours on Friday, reaching $6.66. The stock had a trading volume of 626,797 shares, compared to its average volume of 680,884. The stock has a market capitalization of $611.17 million, a PE ratio of 4.72 and a beta of 0.56. The stock has a 50-day simple moving average of $7.04 and a 200 day simple moving average of $7.64. Teekay has a fifty-two week low of $5.98 and a fifty-two week high of $9.95.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. The firm had revenue of $161.63 million during the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.
Institutional Trading of Teekay
Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Teekay during the 4th quarter worth about $4,945,000. Millennium Management LLC acquired a new stake in shares of Teekay during the 4th quarter worth about $3,245,000. JPMorgan Chase & Co. lifted its stake in shares of Teekay by 108.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company's stock worth $6,489,000 after buying an additional 367,527 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Teekay by 738.1% during the 4th quarter. Alliancebernstein L.P. now owns 357,890 shares of the shipping company's stock worth $2,480,000 after buying an additional 315,190 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Teekay by 9.9% during the 4th quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company's stock worth $14,013,000 after buying an additional 181,474 shares during the last quarter. Institutional investors and hedge funds own 46.73% of the company's stock.
About Teekay
(
Get 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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