Nisa Investment Advisors LLC Buys New Position in Teekay Co. (NYSE:TK)

Nisa Investment Advisors LLC purchased a new position in Teekay Co. (NYSE:TK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 42,609 shares of the shipping company’s stock, valued at approximately $295,000.

Several other institutional investors have also added to or reduced their stakes in TK. Point72 DIFC Ltd increased its holdings in Teekay by 885.2% in the 2nd quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company’s stock worth $43,000 after acquiring an additional 4,311 shares in the last quarter. Quarry LP increased its stake in shares of Teekay by 90.6% in 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 in the last quarter. MML Investors Services LLC bought a new stake in shares of Teekay during the 3rd quarter valued at $100,000. PDT Partners LLC purchased a new position in shares of Teekay during the 3rd quarter valued at $141,000. Finally, Diversified Trust Co boosted its holdings in Teekay by 13.2% in the 4th quarter. Diversified Trust Co now owns 16,090 shares of the shipping company’s stock worth $112,000 after buying an additional 1,879 shares during the period. 46.73% of the stock is currently owned by institutional investors.

Teekay Stock Performance

Shares of TK stock opened at $7.04 on Thursday. The stock has a fifty day simple moving average of $6.98 and a two-hundred day simple moving average of $7.85. Teekay Co. has a 52-week low of $5.98 and a 52-week high of $9.95. The firm has a market capitalization of $646.09 million, a PE ratio of 4.69 and a beta of 0.54.

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.