10,100 Shares in Teekay Co. (NYSE:TK) Bought by Denali Advisors LLC

Denali Advisors LLC 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 10,100 shares of the shipping company’s stock, valued at approximately $70,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of 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 during the period. Empowered Funds LLC acquired a new stake in Teekay in the 4th quarter valued at $4,945,000. JPMorgan Chase & Co. increased its stake in Teekay by 108.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock valued at $6,489,000 after buying an additional 367,527 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Teekay by 25.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 474,428 shares of the shipping company’s stock valued at $3,333,000 after buying an additional 96,155 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Teekay by 8.3% in the 4th quarter. Rhumbline Advisers now owns 118,429 shares of the shipping company’s stock valued at $821,000 after buying an additional 9,086 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Trading Down 3.7 %

Shares of TK stock opened at $6.57 on Friday. Teekay Co. has a 1 year low of $5.98 and a 1 year high of $9.95. The firm’s fifty day moving average price is $7.04 and its two-hundred day moving average price is $7.70. The firm has a market capitalization of $602.90 million, a P/E ratio of 4.66 and a beta of 0.51.

Teekay (NYSE:TK) last issued its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (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.

About Teekay

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.