Cetera Investment Advisers Has $1.59 Million Holdings in Teekay Co. (NYSE:TK)

Cetera Investment Advisers increased its stake in shares of Teekay Co. (NYSE:TK) by 47.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 176,707 shares of the shipping company’s stock after acquiring an additional 57,242 shares during the period. Cetera Investment Advisers owned 0.19% of Teekay worth $1,585,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Quadrature Capital Ltd lifted its position in Teekay by 7.5% during the 4th quarter. Quadrature Capital Ltd now owns 68,668 shares of the shipping company’s stock worth $491,000 after acquiring an additional 4,799 shares during the last quarter. DGS Capital Management LLC boosted its stake in Teekay by 24.6% during the 1st 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. Denali Advisors LLC acquired a new stake in Teekay in the 1st quarter valued at approximately $146,000. Principal Financial Group Inc. acquired a new stake in Teekay in the 1st quarter valued at approximately $161,000. Finally, Privium Fund Management UK Ltd increased its position in Teekay by 61.4% in the 1st quarter. Privium Fund Management UK Ltd now owns 66,109 shares of the shipping company’s stock worth $496,000 after buying an additional 25,159 shares during the period. 46.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Teekay Stock Performance

Shares of TK opened at $8.84 on Tuesday. The company has a 50-day simple moving average of $8.44 and a 200-day simple moving average of $8.43. Teekay Co. has a 52 week low of $6.41 and a 52 week high of $9.95. The firm has a market capitalization of $811.87 million, a P/E ratio of 5.67 and a beta of 0.60.

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

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.