Jane Street Group LLC Decreases Holdings in Teekay Co. (NYSE:TK)

Jane Street Group LLC reduced its stake in Teekay Co. (NYSE:TK) by 7.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 115,953 shares of the shipping company’s stock after selling 9,604 shares during the quarter. Jane Street Group LLC owned 0.13% of Teekay worth $1,067,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Teekay by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock valued at $49,579,000 after acquiring an additional 176,641 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Teekay by 27.2% in the 2nd 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. Cetera Investment Advisers lifted its stake in Teekay by 47.9% in the second quarter. Cetera Investment Advisers now owns 176,707 shares of the shipping company’s stock valued at $1,585,000 after purchasing an additional 57,242 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Teekay by 19.2% during the second quarter. Renaissance Technologies LLC now owns 4,026,075 shares of the shipping company’s stock valued at $36,114,000 after purchasing an additional 649,900 shares during the period. Finally, Principal Financial Group Inc. increased its position in Teekay by 23.0% in the third quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company’s stock worth $257,000 after buying an additional 5,223 shares during the last quarter. Institutional investors own 46.73% of the company’s stock.

Teekay Price Performance

Shares of TK opened at $6.81 on Tuesday. The firm has a market cap of $625.40 million, a PE ratio of 4.54 and a beta of 0.56. Teekay Co. has a 1 year low of $5.98 and a 1 year high of $9.95. The stock’s fifty day moving average price is $7.31 and its two-hundred day moving average price is $8.08.

Teekay Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, December 4th. Teekay’s dividend payout ratio (DPR) is presently 16.67%.

Teekay 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.