20,122 Shares in Teekay Co. (NYSE:TK) Purchased by Aristides Capital LLC

Aristides Capital LLC bought a new stake in Teekay Co. (NYSE:TK) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,122 shares of the shipping company’s stock, valued at approximately $180,000.

Several other institutional investors have also recently bought and sold shares of TK. CWM LLC lifted its position in shares of Teekay by 135.2% in the second quarter. CWM LLC now owns 3,391 shares of the shipping company’s stock valued at $30,000 after buying an additional 1,949 shares during the last quarter. Point72 DIFC Ltd lifted its holdings in Teekay by 885.2% during the 2nd quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 4,311 shares during the last quarter. Quarry LP boosted its position in Teekay by 90.6% during the second quarter. Quarry LP now owns 8,415 shares of the shipping company’s stock worth $75,000 after purchasing an additional 4,000 shares during the period. Diversified Trust Co increased its holdings in shares of Teekay by 16.4% in the second quarter. Diversified Trust Co now owns 14,211 shares of the shipping company’s stock valued at $127,000 after purchasing an additional 2,004 shares during the last quarter. Finally, DGS Capital Management LLC raised its position in shares of Teekay by 24.6% in the first quarter. DGS Capital Management LLC now owns 14,974 shares of the shipping company’s stock valued at $109,000 after purchasing an additional 2,958 shares during the period. Institutional investors own 46.73% of the company’s stock.

Teekay Stock Up 0.1 %

Shares of NYSE:TK opened at $9.21 on Wednesday. Teekay Co. has a 12-month low of $5.70 and a 12-month high of $9.95. The company’s 50 day moving average price is $8.26 and its two-hundred day moving average price is $8.30. The firm has a market cap of $837.65 million, a PE ratio of 5.69 and a beta of 0.59.

Teekay (NYSE:TK) last posted its quarterly earnings data on Thursday, August 1st. The shipping company reported $0.35 earnings per share for the quarter. Teekay had a net margin of 11.18% and a return on equity of 7.03%. The business had revenue of $326.14 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Teekay from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 28th.

Teekay 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.