Teekay Co. (NYSE:TK - Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,290,000 shares, an increase of 24.0% from the February 13th total of 1,040,000 shares. Based on an average daily volume of 764,400 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.4% of the company's shares are short sold.
Teekay Price Performance
NYSE TK traded down $0.24 on Friday, reaching $6.73. The company had a trading volume of 1,910,083 shares, compared to its average volume of 688,053. The firm has a market cap of $617.60 million, a price-to-earnings ratio of 4.77 and a beta of 0.56. Teekay has a fifty-two week low of $5.98 and a fifty-two week high of $9.95. The business has a 50 day moving average of $6.95 and a two-hundred day moving average of $7.54.
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 for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%. The company had revenue of $161.63 million during the quarter.
Institutional Trading of Teekay
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted 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 purchasing an additional 1,781 shares during the period. Diversified Trust Co raised its stake in Teekay by 13.2% during the fourth quarter. Diversified Trust Co now owns 16,090 shares of the shipping company's stock worth $112,000 after buying an additional 1,879 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Teekay by 7.6% in the fourth quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company's stock valued at $208,000 after buying an additional 2,109 shares during the period. Barclays PLC boosted its position in Teekay by 3.3% during the fourth quarter. Barclays PLC now owns 82,695 shares of the shipping company's stock valued at $573,000 after acquiring an additional 2,649 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings 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 worth $60,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 46.73% of the company's stock.
Teekay Company Profile
(
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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