Teekay Co. (NYSE:TK) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its position in Teekay Co. (NYSE:TK) by 39.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,115 shares of the shipping company’s stock after selling 30,425 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Teekay were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TK. R Squared Ltd acquired a new stake in Teekay in the 4th quarter worth about $27,000. New Age Alpha Advisors LLC acquired a new stake in Teekay in the 4th quarter worth about $56,000. New York State Common Retirement Fund boosted its holdings in Teekay by 53.4% in the 4th 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. Pinnacle Holdings LLC boosted its holdings in Teekay by 100.0% in the 4th quarter. Pinnacle Holdings LLC now owns 10,028 shares of the shipping company’s stock worth $69,000 after buying an additional 5,014 shares during the last quarter. Finally, Denali Advisors LLC acquired a new stake in Teekay in the 4th quarter worth about $70,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Trading Up 2.2%

TK stock opened at $8.37 on Friday. Teekay Co. has a 12-month low of $5.65 and a 12-month high of $9.95. The stock has a market cap of $768.67 million, a price-to-earnings ratio of 5.94 and a beta of 0.37. The business’s 50-day moving average is $6.86 and its 200 day moving average is $7.03.

Teekay (NYSE:TK) last released 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 business had revenue of $161.63 million for the quarter.

Teekay Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 2nd will be paid a $1.00 dividend. The ex-dividend date is Wednesday, July 2nd. Teekay’s dividend payout ratio (DPR) is 17.73%.

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.