Rhumbline Advisers raised its holdings in shares of Teekay Co. (NYSE:TK – Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 118,429 shares of the shipping company’s stock after acquiring an additional 9,086 shares during the period. Rhumbline Advisers owned approximately 0.13% of Teekay worth $821,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in TK. R Squared Ltd acquired a new position in Teekay during the fourth quarter valued at approximately $27,000. MML Investors Services LLC acquired a new stake in Teekay during the 3rd quarter worth $100,000. DAVENPORT & Co LLC bought a new position in Teekay during the fourth quarter worth about $80,000. Stratos Wealth Advisors LLC acquired a new position in Teekay in the fourth quarter valued at about $93,000. Finally, Savant Capital LLC bought a new stake in shares of Teekay in the fourth quarter worth about $95,000. Institutional investors and hedge funds own 46.73% of the company’s stock.
Teekay Price Performance
NYSE TK opened at $6.54 on Friday. The stock’s 50-day moving average is $7.05 and its 200-day moving average is $7.66. Teekay Co. has a one year low of $5.98 and a one year high of $9.95. The firm has a market cap of $600.15 million, a P/E ratio of 4.63 and a beta of 0.51.
Teekay Company 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.
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