Teekay Co. (NYSE:TK - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.98 and last traded at $6.10, with a volume of 89300 shares trading hands. The stock had previously closed at $6.12.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Teekay from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 28th.
Check Out Our Latest Report on TK
Teekay Stock Up 2.9 %
The business's fifty day moving average is $7.76 and its 200-day moving average is $8.28. The company has a market cap of $578.59 million, a PE ratio of 4.20 and a beta of 0.56.
Teekay Announces Dividend
The business also recently announced a -- dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. Teekay's dividend payout ratio is currently 16.67%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. CWM LLC raised its holdings in Teekay by 135.2% during the second quarter. CWM LLC now owns 3,391 shares of the shipping company's stock valued at $30,000 after acquiring an additional 1,949 shares during the period. Point72 DIFC Ltd lifted its holdings in Teekay by 885.2% in the 2nd quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company's stock worth $43,000 after purchasing an additional 4,311 shares in the last quarter. Quarry LP boosted its stake in Teekay by 90.6% in the 2nd quarter. Quarry LP now owns 8,415 shares of the shipping company's stock worth $75,000 after purchasing an additional 4,000 shares during the period. MML Investors Services LLC purchased a new stake in Teekay during the 3rd quarter valued at approximately $100,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Teekay by 10.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,814 shares of the shipping company's stock worth $130,000 after buying an additional 1,747 shares in the last quarter. 46.73% of the stock is currently owned by institutional investors.
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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