Quantbot Technologies LP Takes Position in Teekay Co. (NYSE:TK)

Quantbot Technologies LP acquired a new stake in Teekay Co. (NYSE:TK) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 140,702 shares of the shipping company’s stock, valued at approximately $975,000.

A number of other hedge funds also recently made changes to their positions in TK. Empowered Funds LLC bought a new position in Teekay during the fourth quarter worth $4,945,000. JPMorgan Chase & Co. raised its holdings in Teekay by 108.8% in the 3rd 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 during the period. Allspring Global Investments Holdings LLC lifted its position in Teekay by 25.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 474,428 shares of the shipping company’s stock worth $3,333,000 after acquiring an additional 96,155 shares during the last quarter. Koss Olinger Consulting LLC bought a new stake in shares of Teekay during the fourth quarter worth approximately $529,000. Finally, PEAK6 Investments LLC boosted its holdings in shares of Teekay by 704.1% during the third quarter. PEAK6 Investments LLC now owns 55,253 shares of the shipping company’s stock worth $508,000 after acquiring an additional 64,399 shares during the period. 46.73% of the stock is owned by institutional investors and hedge funds.

Teekay Price Performance

TK opened at $6.58 on Wednesday. The company has a market capitalization of $604.28 million, a PE ratio of 4.67 and a beta of 0.56. The business has a fifty day simple moving average of $6.91 and a 200 day simple moving average of $7.52. Teekay Co. has a 1 year low of $5.98 and a 1 year high of $9.95.

Teekay (NYSE:TK) last announced its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $161.63 million for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.

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.