Quantbot Technologies LP Takes $975,000 Position in Teekay Co. (NYSE:TK)

Quantbot Technologies LP acquired a new position in shares of Teekay Co. (NYSE:TK) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 140,702 shares of the shipping company’s stock, valued at approximately $975,000. Quantbot Technologies LP owned 0.15% of Teekay as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TK. R Squared Ltd acquired a new stake in shares of Teekay in the 4th quarter valued at about $27,000. New York State Common Retirement Fund raised its position 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 valued at $60,000 after buying an additional 3,000 shares during the last quarter. Denali Advisors LLC bought a new stake in Teekay in the 4th quarter valued at approximately $70,000. DAVENPORT & Co LLC acquired a new position in Teekay during the 4th quarter worth approximately $80,000. Finally, Stratos Wealth Advisors LLC bought a new position in shares of Teekay during the 4th quarter worth approximately $93,000. 46.73% of the stock is owned by institutional investors.

Teekay Stock Down 1.3 %

NYSE TK opened at $6.58 on Wednesday. Teekay Co. has a 12-month low of $5.98 and a 12-month high of $9.95. The firm’s 50 day moving average is $6.91 and its 200-day moving average is $7.52. The company has a market capitalization of $604.28 million, a PE ratio of 4.67 and a beta of 0.56.

Teekay (NYSE:TK) last released its earnings results 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 business had revenue of $161.63 million for the quarter.

Teekay Company Profile

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.