SummerHaven Investment Management LLC Has $805,000 Holdings in Teekay Corporation Ltd. $TK

SummerHaven Investment Management LLC increased its position in shares of Teekay Corporation Ltd. (NYSE:TK) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 97,615 shares of the shipping company’s stock after acquiring an additional 2,129 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Teekay were worth $805,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TK. GAMMA Investing LLC raised its holdings in shares of Teekay by 381.8% during the first quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company’s stock valued at $27,000 after acquiring an additional 3,280 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Teekay in the 1st quarter valued at approximately $48,000. Parallel Advisors LLC increased its stake in Teekay by 68.2% in the 1st quarter. Parallel Advisors LLC now owns 7,406 shares of the shipping company’s stock valued at $49,000 after buying an additional 3,002 shares during the period. Virtus Advisers LLC acquired a new position in Teekay in the 1st quarter valued at approximately $59,000. Finally, New York State Common Retirement Fund increased its stake in Teekay by 20.9% in the 1st quarter. New York State Common Retirement Fund now owns 10,425 shares of the shipping company’s stock valued at $68,000 after buying an additional 1,802 shares during the period. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Stock Performance

Teekay stock opened at $8.46 on Monday. The firm has a market cap of $776.51 million, a PE ratio of 6.00 and a beta of 0.49. The firm’s 50 day moving average price is $8.00 and its two-hundred day moving average price is $7.73. Teekay Corporation Ltd. has a twelve month low of $5.65 and a twelve month high of $9.78.

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.