Versor Investments LP Has $575,000 Stock Holdings in Teekay Corporation Ltd. $TK

Versor Investments LP raised its stake in Teekay Corporation Ltd. (NYSE:TK) by 177.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,700 shares of the shipping company’s stock after buying an additional 40,700 shares during the quarter. Versor Investments LP’s holdings in Teekay were worth $575,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Denali Advisors LLC increased its stake in Teekay by 38.3% in the 4th quarter. Denali Advisors LLC now owns 283,213 shares of the shipping company’s stock valued at $2,557,000 after buying an additional 78,389 shares during the period. MGO One Seven LLC acquired a new position in Teekay in the 4th quarter valued at approximately $213,000. Truist Financial Corp increased its stake in Teekay by 32.8% in the 4th quarter. Truist Financial Corp now owns 31,220 shares of the shipping company’s stock valued at $282,000 after buying an additional 7,706 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Teekay in the 4th quarter valued at approximately $948,000. Finally, Concurrent Investment Advisors LLC increased its stake in Teekay by 128.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 104,840 shares of the shipping company’s stock valued at $947,000 after buying an additional 58,884 shares during the period. Institutional investors and hedge funds own 46.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Teekay from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Teekay Stock Down 1.3%

Shares of TK opened at $13.26 on Thursday. The company’s fifty day moving average is $12.53 and its 200-day moving average is $10.89. Teekay Corporation Ltd. has a 12 month low of $7.11 and a 12 month high of $14.38. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 11.73 and a beta of 0.23.

Teekay (NYSE:TK) last announced its quarterly earnings results on Wednesday, May 13th. The shipping company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.11 by $0.44. Teekay had a net margin of 10.33% and a return on equity of 4.76%.

Teekay Profile

Teekay Corporation (NYSE: TK) is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay’s core business is organized into three operating segments.