Alliancebernstein L.P. increased its stake in Teekay Co. (NYSE:TK - Free Report) by 738.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 357,890 shares of the shipping company's stock after purchasing an additional 315,190 shares during the period. Alliancebernstein L.P. owned approximately 0.39% of Teekay worth $2,480,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. FMR LLC increased its stake in Teekay by 296.1% in the 3rd quarter. FMR LLC now owns 73,797 shares of the shipping company's stock valued at $679,000 after buying an additional 55,167 shares during the last quarter. MML Investors Services LLC bought a new position in shares of Teekay in the 3rd quarter valued at about $100,000. Barclays PLC increased its position in shares of Teekay by 267.9% in the third quarter. Barclays PLC now owns 80,046 shares of the shipping company's stock valued at $736,000 after acquiring an additional 58,290 shares during the last quarter. Geode Capital Management LLC raised its holdings in Teekay by 2.5% during the third quarter. Geode Capital Management LLC now owns 803,936 shares of the shipping company's stock worth $7,452,000 after acquiring an additional 19,961 shares in the last quarter. Finally, DGS Capital Management LLC boosted its holdings in shares of Teekay by 81.0% in the 3rd quarter. DGS Capital Management LLC now owns 38,787 shares of the shipping company's stock valued at $357,000 after buying an additional 17,357 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors.
Teekay Trading Up 3.8 %
Shares of Teekay stock traded up $0.25 during trading on Friday, hitting $6.64. 603,663 shares of the stock were exchanged, compared to its average volume of 725,882. Teekay Co. has a 1-year low of $5.65 and a 1-year high of $9.95. The stock has a market capitalization of $609.33 million, a price-to-earnings ratio of 4.71 and a beta of 0.47. The company has a fifty day moving average price of $6.56 and a 200-day moving average price of $7.18.
Teekay (NYSE:TK - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%. The firm had revenue of $161.63 million for the quarter.
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.
See Also
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
