Oxford Asset Management LLP Makes New Investment in Teekay Co. (NYSE:TK)

Oxford Asset Management LLP bought a new position in shares of Teekay Co. (NYSE:TK) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 18,806 shares of the shipping company’s stock, valued at approximately $130,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TK. Legal & General Group Plc lifted its holdings in shares of Teekay by 17.9% in the fourth quarter. Legal & General Group Plc now owns 11,719 shares of the shipping company’s stock valued at $81,000 after purchasing an additional 1,781 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Teekay by 13.2% in the fourth quarter. Diversified Trust Co now owns 16,090 shares of the shipping company’s stock valued at $112,000 after purchasing an additional 1,879 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Teekay by 7.6% in the fourth quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company’s stock valued at $208,000 after purchasing an additional 2,109 shares in the last quarter. Barclays PLC increased its position in shares of Teekay by 3.3% in the fourth quarter. Barclays PLC now owns 82,695 shares of the shipping company’s stock valued at $573,000 after acquiring an additional 2,649 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Teekay by 53.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock valued at $60,000 after acquiring an additional 3,000 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors.

Teekay Stock Performance

NYSE:TK opened at $7.08 on Tuesday. The stock’s 50-day simple moving average is $6.53 and its 200 day simple moving average is $7.05. The company has a market cap of $650.20 million, a P/E ratio of 5.02 and a beta of 0.47. Teekay Co. has a 52-week low of $5.65 and a 52-week high of $9.95.

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

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.