SG Americas Securities LLC Sells 6,209 Shares of Teekay Co. (NYSE:TK)

SG Americas Securities LLC reduced its position in Teekay Co. (NYSE:TK) by 15.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,227 shares of the shipping company’s stock after selling 6,209 shares during the quarter. SG Americas Securities LLC’s holdings in Teekay were worth $324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TK. Dimensional Fund Advisors LP raised its stake in Teekay by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock worth $49,579,000 after acquiring an additional 176,641 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Teekay by 19.2% in the second quarter. Renaissance Technologies LLC now owns 4,026,075 shares of the shipping company’s stock valued at $36,114,000 after buying an additional 649,900 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Teekay by 2.9% in the second quarter. Acadian Asset Management LLC now owns 1,763,197 shares of the shipping company’s stock valued at $15,808,000 after buying an additional 50,077 shares in the last quarter. American Century Companies Inc. increased its position in Teekay by 27.2% in the second quarter. American Century Companies Inc. now owns 1,546,328 shares of the shipping company’s stock worth $13,871,000 after purchasing an additional 331,002 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in Teekay by 3.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 691,897 shares of the shipping company’s stock worth $5,037,000 after purchasing an additional 21,075 shares during the period. 46.73% of the stock is owned by institutional investors.

Teekay Stock Up 0.8 %

Shares of TK stock opened at $8.54 on Friday. The stock has a 50-day moving average price of $8.56 and a 200 day moving average price of $8.46. The firm has a market cap of $776.70 million, a price-to-earnings ratio of 5.27 and a beta of 0.60. Teekay Co. has a 12 month low of $6.41 and a 12 month high of $9.95.

Teekay (NYSE:TK) last announced its quarterly earnings data on Thursday, August 1st. The shipping company reported $0.35 EPS for the quarter. Teekay had a return on equity of 7.03% and a net margin of 11.18%. The firm had revenue of $326.14 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Teekay from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 28th.

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.