Teekay Co. (NYSE:TK) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Teekay Co. (NYSE:TK) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,400 shares of the shipping company’s stock after purchasing an additional 10,173 shares during the period. SG Americas Securities LLC’s holdings in Teekay were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TK. AQR Capital Management LLC boosted its position in Teekay by 5.5% during the second quarter. AQR Capital Management LLC now owns 293,759 shares of the shipping company’s stock worth $2,635,000 after purchasing an additional 15,305 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Teekay by 47.9% in the 2nd quarter. Cetera Investment Advisers now owns 176,707 shares of the shipping company’s stock worth $1,585,000 after buying an additional 57,242 shares in the last quarter. Ritholtz Wealth Management grew its stake in Teekay by 3.1% in the 3rd quarter. Ritholtz Wealth Management now owns 200,069 shares of the shipping company’s stock valued at $1,841,000 after acquiring an additional 6,102 shares during the last quarter. Inspire Advisors LLC increased its holdings in Teekay by 42.1% during the 3rd quarter. Inspire Advisors LLC now owns 73,770 shares of the shipping company’s stock valued at $679,000 after acquiring an additional 21,861 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Teekay by 12.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 378,273 shares of the shipping company’s stock worth $3,480,000 after acquiring an additional 40,528 shares during the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Price Performance

Shares of NYSE TK opened at $7.42 on Wednesday. The firm’s 50-day moving average is $6.93 and its two-hundred day moving average is $7.81. Teekay Co. has a 12-month low of $5.98 and a 12-month high of $9.95. The company has a market capitalization of $680.99 million, a PE ratio of 4.94 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.