Teekay Co. (NYSE:TK) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in shares of Teekay Co. (NYSE:TK) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,705 shares of the shipping company’s stock after selling 4,325 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Teekay were worth $1,696,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Diversified Trust Co boosted its holdings in 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 during the last quarter. Principal Financial Group Inc. boosted its stake 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 worth $208,000 after buying an additional 2,109 shares during the last quarter. New York State Common Retirement Fund boosted its stake 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 worth $60,000 after buying an additional 3,000 shares during the last quarter. Summit Global Investments grew its holdings in Teekay by 4.6% during the third quarter. Summit Global Investments now owns 78,699 shares of the shipping company’s stock worth $724,000 after acquiring an additional 3,474 shares during the period. Finally, Caprock Group LLC raised its position in Teekay by 15.1% during the third quarter. Caprock Group LLC now owns 28,009 shares of the shipping company’s stock valued at $258,000 after acquiring an additional 3,674 shares in the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Trading Down 0.2 %

Teekay stock opened at $6.55 on Friday. The firm has a market cap of $601.53 million, a PE ratio of 4.65 and a beta of 0.51. Teekay Co. has a 12 month low of $5.98 and a 12 month high of $9.95. The stock’s 50 day simple moving average is $7.05 and its two-hundred day simple moving average is $7.69.

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

Teekay Company 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.