Bailard Inc. Invests $275,000 in Teekay Co. (NYSE:TK)

Bailard Inc. acquired a new stake in shares of Teekay Co. (NYSE:TK) during the 4th quarter, Holdings Channel.com reports. The firm acquired 39,700 shares of the shipping company’s stock, valued at approximately $275,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd acquired a new stake in Teekay during the 4th quarter worth approximately $27,000. New York State Common Retirement Fund increased its position in shares of Teekay by 53.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock worth $60,000 after acquiring an additional 3,000 shares in the last quarter. Denali Advisors LLC acquired a new stake in shares of Teekay during the fourth quarter worth $70,000. DAVENPORT & Co LLC bought a new stake in Teekay in the 4th quarter valued at $80,000. Finally, Stratos Wealth Advisors LLC acquired a new position in Teekay in the 4th quarter worth $93,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Price Performance

TK opened at $6.47 on Thursday. The company has a market capitalization of $593.72 million, a price-to-earnings ratio of 4.59 and a beta of 0.51. The business’s 50-day moving average price is $7.05 and its two-hundred day moving average price is $7.67. Teekay Co. has a 1 year low of $5.98 and a 1 year high of $9.95.

Teekay (NYSE:TK) last posted its quarterly earnings data 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 during 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.