Teekay Corporation Ltd. $TK Stock Holdings Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Teekay Corporation Ltd. (NYSE:TK) by 19.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 178,885 shares of the shipping company’s stock after selling 42,280 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Teekay were worth $1,476,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP boosted its holdings in shares of Teekay by 150.8% in the first quarter. GSA Capital Partners LLP now owns 135,021 shares of the shipping company’s stock valued at $887,000 after acquiring an additional 81,192 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Teekay by 19.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,022,986 shares of the shipping company’s stock worth $8,470,000 after purchasing an additional 164,561 shares during the period. Victory Capital Management Inc. bought a new position in Teekay during the 1st quarter valued at $1,284,000. Envestnet Asset Management Inc. increased its position in shares of Teekay by 19.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 120,345 shares of the shipping company’s stock valued at $791,000 after purchasing an additional 19,973 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of Teekay by 20.9% in the 1st quarter. New York State Common Retirement Fund now owns 10,425 shares of the shipping company’s stock worth $68,000 after buying an additional 1,802 shares in the last quarter. 46.73% of the stock is currently owned by institutional investors.

Teekay Stock Down 0.5%

Shares of NYSE TK opened at $9.81 on Wednesday. The stock’s fifty day simple moving average is $8.69 and its 200 day simple moving average is $8.25. The stock has a market capitalization of $900.91 million, a price-to-earnings ratio of 6.96 and a beta of 0.35. Teekay Corporation Ltd. has a 52-week low of $5.65 and a 52-week high of $9.94.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Teekay in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.