SG Americas Securities LLC Invests $71,000 in Teekay Co. (NYSE:TK)

SG Americas Securities LLC bought a new position in shares of Teekay Co. (NYSE:TKGet Rating) during the second quarter, Holdings Channel reports. The firm bought 24,561 shares of the shipping company’s stock, valued at approximately $71,000.

A number of other hedge funds also recently made changes to their positions in TK. Mraz Amerine & Associates Inc. raised its stake in Teekay by 19.5% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 27,580 shares of the shipping company’s stock valued at $79,000 after acquiring an additional 4,500 shares during the period. Russell Investments Group Ltd. bought a new stake in Teekay in the 2nd quarter valued at about $189,000. Dimensional Fund Advisors LP raised its stake in Teekay by 18.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 461,252 shares of the shipping company’s stock valued at $1,462,000 after acquiring an additional 70,878 shares during the period. Invesco Ltd. raised its stake in Teekay by 21.9% in the 1st quarter. Invesco Ltd. now owns 320,845 shares of the shipping company’s stock valued at $1,017,000 after acquiring an additional 57,571 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Teekay by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 307,278 shares of the shipping company’s stock valued at $975,000 after acquiring an additional 9,742 shares during the period. 28.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TK has been the topic of a number of research reports. TheStreet upgraded Teekay from a “d+” rating to a “c” rating in a research note on Friday, November 4th. StockNews.com started coverage on Teekay in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Teekay Trading Up 1.6 %

Shares of TK opened at $4.52 on Friday. The business’s 50-day moving average price is $3.84 and its 200-day moving average price is $3.44. Teekay Co. has a twelve month low of $2.54 and a twelve month high of $4.57. The stock has a market cap of $459.65 million, a PE ratio of 21.52 and a beta of 0.80. The company has a quick ratio of 2.65, a current ratio of 2.93 and a debt-to-equity ratio of 0.40.

Teekay Company Profile

(Get Rating)

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering support; and operational and maintenance marine, as well as offshore production services.

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Institutional Ownership by Quarter for Teekay (NYSE:TK)

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