Los Angeles Capital Management LLC Sells 4,325 Shares of Teekay Co. (NYSE:TK)

Los Angeles Capital Management LLC lessened its stake in shares of Teekay Co. (NYSE:TK) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,705 shares of the shipping company’s stock after selling 4,325 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.27% of Teekay worth $1,696,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TK. R Squared Ltd bought a new position in shares of Teekay during the 4th quarter worth approximately $27,000. New York State Common Retirement Fund grew its holdings in 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 purchasing an additional 3,000 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Teekay during the fourth quarter worth $80,000. Stratos Wealth Advisors LLC purchased a new stake in shares of Teekay during the 4th quarter valued at $93,000. Finally, Savant Capital LLC acquired a new stake in shares of Teekay in the 4th quarter worth $95,000. 46.73% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Price Performance

Shares of TK stock opened at $6.55 on Friday. The stock’s fifty day moving average price is $7.05 and its 200 day moving average price is $7.69. Teekay Co. has a 1-year low of $5.98 and a 1-year high of $9.95. The company has a market cap of $601.53 million, a price-to-earnings ratio of 4.65 and a beta of 0.51.

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 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.