1 week Ago By Defense World Staff
Teekay Co. (NYSE:TK – Get Free Report) was up 6.7% during mid-day trading on Friday .
The company traded as high as $6.46 and last traded at $6.46.
Approximately 122,350 shares traded hands during trading, a decline of 83% from the average daily volume of 717,898 shares. The stock had previously closed at $6.06.
Teekay Stock Up 8.2 %The company’s 50-day moving average is $6.63 and its 200 day moving average is $7.
27. The company has a market cap of $601.98 million, a price-to-earnings ratio of 4.
65 and a beta of 0.47. Teekay (NYSE:TK – Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th.
The shipping company reported $0.19 earnings per share for the quarter. The firm 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%. Institutional Inflows and OutflowsSeveral large investors have recently made changes to their positions in TK. American Century Companies Inc.
raised its position in Teekay by 9.9% during the fourth quarter. American Century Companies Inc.
now owns 2,022,149 shares of the shipping company’s stock worth $14,013,000 after acquiring an additional 181,474 shares during the period. Bridgeway Capital Management LLC raised its position in shares of Teekay by 1.9% during the 4th quarter.
Bridgeway Capital Management LLC now owns 1,877,818 shares of the shipping company’s stock worth $13,013,000 after purchasing an additional 34,681 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Teekay by 47.
9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company’s stock worth $7,231,000 after purchasing an additional 338,105 shares during the last quarter.
Geode Capital Management LLC lifted its stake in Teekay by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 803,936 shares of the shipping company’s stock valued at $7,452,000 after buying an additional 19,961 shares in the last quarter.
Finally, Empowered Funds LLC purchased a new stake in Teekay during the 4th quarter worth approximately $4,945,000. 46.73% of the stock is owned by institutional investors and hedge funds.
Teekay Company Profile (Get Free Report)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.
Featured StoriesFive stocks we like better than Teekay10 Best Airline Stocks to BuyRobinhood Strategies Could Be a Game-Changer for Young InvestorsRide Out The Recession With These Dividend Kings Are These 3 Retail Stocks Oversold or Really in Trouble?Differences Between Momentum Investing and Long Term Investing IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
