Teekay Co. (NYSE:TK) Shares Sold by Walleye Capital LLC

Walleye Capital LLC lowered its position in Teekay Co. (NYSE:TKGet Rating) by 62.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,070 shares of the shipping company’s stock after selling 16,884 shares during the quarter. Walleye Capital LLC’s holdings in Teekay were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Mraz Amerine & Associates Inc. grew its position 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 buying an additional 4,500 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Teekay by 6.7% in the first quarter. Rhumbline Advisers now owns 76,477 shares of the shipping company’s stock valued at $242,000 after acquiring an additional 4,795 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Teekay by 27.7% during the first quarter. XTX Topco Ltd now owns 31,798 shares of the shipping company’s stock valued at $101,000 after acquiring an additional 6,907 shares during the period. Amalgamated Bank bought a new stake in Teekay during the first quarter worth approximately $27,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Teekay by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 307,278 shares of the shipping company’s stock worth $975,000 after purchasing an additional 9,742 shares during the period. Institutional investors own 28.29% of the company’s stock.

Analysts Set New Price Targets

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

Teekay Stock Down 0.2 %

TK stock opened at $4.44 on Tuesday. The firm has a market cap of $451.52 million, a PE ratio of 21.14 and a beta of 0.80. Teekay Co. has a 12 month low of $2.54 and a 12 month high of $4.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.93 and a quick ratio of 2.65. The firm has a 50 day simple moving average of $3.88 and a 200 day simple moving average of $3.46.

About Teekay

(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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