Caprock Group LLC Sells 4,225 Shares of Teekay Co. (NYSE:TK)

Caprock Group LLC cut its holdings in Teekay Co. (NYSE:TK) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,784 shares of the shipping company’s stock after selling 4,225 shares during the period. Caprock Group LLC’s holdings in Teekay were worth $165,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TK. JPMorgan Chase & Co. raised its holdings in shares of Teekay by 108.8% during the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock valued at $6,489,000 after acquiring an additional 367,527 shares in the last quarter. PEAK6 Investments LLC lifted its holdings in Teekay by 704.1% in the third quarter. PEAK6 Investments LLC now owns 55,253 shares of the shipping company’s stock worth $508,000 after buying an additional 64,399 shares during the period. Barclays PLC boosted its position in Teekay by 267.9% during the 3rd quarter. Barclays PLC now owns 80,046 shares of the shipping company’s stock valued at $736,000 after acquiring an additional 58,290 shares in the last quarter. Wexford Capital LP bought a new position in Teekay in the third quarter worth $531,000. Finally, Cetera Investment Advisers boosted its stake in Teekay by 47.9% during the second quarter. Cetera Investment Advisers now owns 176,707 shares of the shipping company’s stock worth $1,585,000 after acquiring an additional 57,242 shares in the last quarter. 46.73% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Stock Performance

Shares of TK opened at $7.09 on Friday. The firm’s 50-day simple moving average is $6.92 and its two-hundred day simple moving average is $7.81. Teekay Co. has a fifty-two week low of $5.98 and a fifty-two week high of $9.95. The stock has a market cap of $651.15 million, a PE ratio of 4.73 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.