Los Angeles Capital Management LLC Has $2.29 Million Holdings in Teekay Co. (NYSE:TK)

Los Angeles Capital Management LLC decreased its position in shares of Teekay Co. (NYSE:TK) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,030 shares of the shipping company’s stock after selling 5,216 shares during the period. Los Angeles Capital Management LLC owned 0.27% of Teekay worth $2,291,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Teekay by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock worth $49,579,000 after acquiring an additional 176,641 shares during the period. Sei Investments Co. increased its holdings in shares of Teekay by 13.4% during the 1st quarter. Sei Investments Co. now owns 537,009 shares of the shipping company’s stock worth $3,909,000 after purchasing an additional 63,504 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Teekay by 44.2% in the first quarter. Russell Investments Group Ltd. now owns 185,818 shares of the shipping company’s stock valued at $1,353,000 after buying an additional 56,998 shares during the period. American Century Companies Inc. grew its position in Teekay by 27.2% during the second quarter. American Century Companies Inc. now owns 1,546,328 shares of the shipping company’s stock worth $13,871,000 after buying an additional 331,002 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Teekay by 47.9% during the second quarter. Cetera Investment Advisers now owns 176,707 shares of the shipping company’s stock valued at $1,585,000 after acquiring an additional 57,242 shares during the period. 46.73% of the stock is currently owned by institutional investors.

Teekay Price Performance

TK opened at $7.97 on Thursday. Teekay Co. has a fifty-two week low of $6.41 and a fifty-two week high of $9.95. The company has a market capitalization of $731.96 million, a P/E ratio of 5.31 and a beta of 0.60. The firm’s fifty day moving average price is $8.55 and its two-hundred day moving average price is $8.54.

Teekay Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, December 4th. Teekay’s payout ratio is currently 16.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Teekay from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 28th.

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.