Savant Capital LLC Makes New Investment in Teekay Co. (NYSE:TK)

Savant Capital LLC acquired a new position in Teekay Co. (NYSE:TK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,700 shares of the shipping company’s stock, valued at approximately $95,000.

Several other institutional investors also recently modified their holdings of TK. R Squared Ltd bought a new stake in shares of Teekay in the fourth quarter worth $27,000. DAVENPORT & Co LLC bought a new stake in shares of Teekay in the fourth quarter worth $80,000. Stratos Wealth Advisors LLC bought a new stake in shares of Teekay in the fourth quarter worth $93,000. MML Investors Services LLC bought a new stake in shares of Teekay in the third quarter worth $100,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Teekay in the fourth quarter worth $104,000. Institutional investors own 46.73% of the company’s stock.

Teekay Stock Down 0.6 %

Shares of Teekay stock opened at $6.98 on Thursday. Teekay Co. has a twelve month low of $5.98 and a twelve month high of $9.95. The stock has a market cap of $640.58 million, a price-to-earnings ratio of 4.65 and a beta of 0.51. The company’s fifty day moving average is $6.99 and its 200 day moving average is $7.72.

Teekay (NYSE:TK) last released its 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 11.05% and a return on equity of 6.56%.

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.