Teekay Co. (NYSE:TK) Holdings Raised by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Teekay Co. (NYSE:TK) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,012 shares of the shipping company’s stock after acquiring an additional 2,109 shares during the quarter. Principal Financial Group Inc.’s holdings in Teekay were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in TK. Diversified Trust Co boosted its position in Teekay by 13.2% during the 4th quarter. Diversified Trust Co now owns 16,090 shares of the shipping company’s stock valued at $112,000 after purchasing an additional 1,879 shares during the period. Summit Global Investments boosted its position in Teekay by 4.6% during the 3rd quarter. Summit Global Investments now owns 78,699 shares of the shipping company’s stock valued at $724,000 after purchasing an additional 3,474 shares during the period. Caprock Group LLC boosted its position in Teekay by 15.1% during the 3rd quarter. Caprock Group LLC now owns 28,009 shares of the shipping company’s stock valued at $258,000 after purchasing an additional 3,674 shares during the period. R Squared Ltd acquired a new position in Teekay during the 4th quarter valued at approximately $27,000. Finally, DGS Capital Management LLC boosted its position in Teekay by 13.2% during the 4th quarter. DGS Capital Management LLC now owns 43,909 shares of the shipping company’s stock valued at $304,000 after purchasing an additional 5,122 shares during the period. 46.73% of the stock is currently owned by institutional investors.

Teekay Stock Performance

Shares of TK stock opened at $6.66 on Friday. Teekay Co. has a 1 year low of $5.98 and a 1 year high of $9.95. The stock has a fifty day moving average of $7.04 and a two-hundred day moving average of $7.64. The firm has a market capitalization of $611.17 million, a PE ratio of 4.72 and a beta of 0.56.

Teekay (NYSE:TK) last announced its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%. The company had revenue of $161.63 million during the quarter.

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.