Bailard Inc. bought a new stake in shares of Teekay Co. (NYSE:TK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 39,700 shares of the shipping company's stock, valued at approximately $275,000.
Several other hedge funds also recently modified their holdings of the business. Denali Advisors LLC acquired a new position in Teekay in the fourth quarter valued at approximately $70,000. Navellier & Associates Inc. raised its position in shares of Teekay by 65.8% during the 4th quarter. Navellier & Associates Inc. now owns 70,963 shares of the shipping company's stock valued at $492,000 after acquiring an additional 28,151 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Teekay in the 4th quarter valued at $126,000. New York State Common Retirement Fund boosted its position in shares of 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 purchasing an additional 3,000 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Teekay by 7.6% during the fourth quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company's stock worth $208,000 after purchasing an additional 2,109 shares during the period. Institutional investors own 46.73% of the company's stock.
NYSE:TK opened at $6.47 on Thursday. Teekay Co. has a 1-year low of $5.98 and a 1-year high of $9.95. The firm has a market capitalization of $593.72 million, a price-to-earnings ratio of 4.59 and a beta of 0.51. The business's 50-day moving average price is $7.05 and its two-hundred day moving average price is $7.67.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. The business had revenue of $161.63 million for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.
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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