Teekay (NYSE:TK) Shares Down 2.2% – Should You Sell?

Shares of Teekay Co. (NYSE:TK) fell 2.2% on Tuesday . The company traded as low as $6.26 and last traded at $6.17. 17,537 shares changed hands during trading, a decline of 98% from the average session volume of 715,448 shares. The stock had previously closed at $6.31.

Teekay Price Performance

The company has a fifty day moving average price of $6.75 and a two-hundred day moving average price of $7.37. The company has a market capitalization of $544.13 million, a P/E ratio of 4.20 and a beta of 0.47.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Teekay in the 4th quarter valued at about $27,000. GAMMA Investing LLC lifted its stake in shares of Teekay by 381.8% in the first quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company’s stock worth $27,000 after acquiring an additional 3,280 shares during the period. Parallel Advisors LLC boosted its holdings in Teekay by 68.2% in the first quarter. Parallel Advisors LLC now owns 7,406 shares of the shipping company’s stock valued at $49,000 after acquiring an additional 3,002 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Teekay during the 4th quarter valued at approximately $56,000. Finally, New York State Common Retirement Fund raised its holdings in Teekay by 53.4% during the 4th quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock worth $60,000 after purchasing an additional 3,000 shares during the last quarter. 46.73% of the stock is owned by institutional investors.

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.