Charles Schwab Investment Management Inc. Sells 231,350 Shares of Teekay Co. (NYSE:TK)

Charles Schwab Investment Management Inc. reduced its stake in shares of Teekay Co. (NYSE:TK) by 38.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 374,291 shares of the shipping company’s stock after selling 231,350 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.41% of Teekay worth $2,594,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TK. JPMorgan Chase & Co. lifted its holdings in shares of Teekay by 108.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock worth $6,489,000 after acquiring an additional 367,527 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in Teekay in the 4th quarter worth about $295,000. MML Investors Services LLC bought a new stake in Teekay in the third quarter worth about $100,000. New York State Common Retirement Fund boosted its position in shares of Teekay by 53.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock valued at $60,000 after buying an additional 3,000 shares during the period. Finally, Barclays PLC grew its stake in shares of Teekay by 267.9% during the third quarter. Barclays PLC now owns 80,046 shares of the shipping company’s stock valued at $736,000 after buying an additional 58,290 shares during the last quarter. 46.73% of the stock is owned by institutional investors.

Teekay Stock Performance

Shares of TK stock opened at $6.63 on Friday. The stock has a 50 day moving average price of $6.85 and a 200 day moving average price of $7.50. 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 $608.41 million, a P/E ratio of 4.70 and a beta of 0.56.

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

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.