20,808 Shares in Teekay Co. (NYSE:TK) Bought by AXQ Capital LP

AXQ Capital LP bought a new stake in shares of Teekay Co. (NYSE:TK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,808 shares of the shipping company’s stock, valued at approximately $144,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Teekay by 23.0% during the third quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company’s stock valued at $257,000 after buying an additional 5,223 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Teekay by 15.1% in the 3rd quarter. Caprock Group LLC now owns 28,009 shares of the shipping company’s stock valued at $258,000 after purchasing an additional 3,674 shares during the period. FMR LLC lifted its position in shares of Teekay by 296.1% in the third quarter. FMR LLC now owns 73,797 shares of the shipping company’s stock worth $679,000 after purchasing an additional 55,167 shares in the last quarter. 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 purchasing an additional 64,399 shares during the period. Finally, Verition Fund Management LLC grew its position in Teekay by 209.4% during the third quarter. Verition Fund Management LLC now owns 59,291 shares of the shipping company’s stock valued at $545,000 after purchasing an additional 40,126 shares in the last quarter. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Stock Down 0.4 %

TK stock opened at $6.67 on Tuesday. The company has a 50 day moving average of $6.91 and a two-hundred day moving average of $7.52. Teekay Co. has a 12-month low of $5.98 and a 12-month high of $9.95. The company has a market cap of $612.09 million, a price-to-earnings ratio of 4.73 and a beta of 0.56.

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

About Teekay

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.