15,000 Shares in Teekay Co. (NYSE:TK) Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC bought a new stake in shares of Teekay Co. (NYSE:TK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,000 shares of the shipping company’s stock, valued at approximately $104,000.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Teekay by 108.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock valued at $6,489,000 after purchasing an additional 367,527 shares in the last quarter. PEAK6 Investments LLC boosted its stake in Teekay by 704.1% during the third quarter. PEAK6 Investments LLC now owns 55,253 shares of the shipping company’s stock valued at $508,000 after buying an additional 64,399 shares in the last quarter. Barclays PLC boosted its stake in Teekay by 267.9% during the third quarter. Barclays PLC now owns 80,046 shares of the shipping company’s stock valued at $736,000 after buying an additional 58,290 shares in the last quarter. Wexford Capital LP acquired a new position in Teekay during the third quarter worth about $531,000. Finally, Cetera Investment Advisers raised its position in Teekay by 47.9% in 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. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Trading Down 0.3 %

NYSE:TK opened at $7.20 on Wednesday. The company has a 50-day moving average of $6.91 and a 200-day moving average of $7.77. Teekay Co. has a twelve month low of $5.98 and a twelve month high of $9.95. The firm has a market cap of $660.79 million, a price-to-earnings ratio of 4.80 and a beta of 0.51.

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.