Shares of Teekay Co. (NYSE:TK - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $5.67 and last traded at $5.80, with a volume of 1558204 shares. The stock had previously closed at $6.24.
Teekay Stock Up 8.2 %
The company has a market cap of $601.98 million, a price-to-earnings ratio of 4.65 and a beta of 0.47. The business has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $7.29.
Teekay (NYSE:TK - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%. The firm had revenue of $161.63 million for the quarter.
Institutional Investors Weigh In On Teekay
Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc boosted its stake in shares of Teekay by 17.9% during the fourth quarter. Legal & General Group Plc now owns 11,719 shares of the shipping company's stock valued at $81,000 after acquiring an additional 1,781 shares during the last quarter. Diversified Trust Co grew its holdings in shares of 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 in the last quarter. Principal Financial Group Inc. raised its position in shares of 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 last quarter. Barclays PLC lifted its stake in shares of 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 buying an additional 2,649 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Teekay by 53.4% in 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. 46.73% of the stock is currently owned by hedge funds and other institutional investors.
About Teekay
(
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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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