Ritholtz Wealth Management Grows Stock Position in Teekay Corporation Ltd. $TK

Ritholtz Wealth Management boosted its position in Teekay Corporation Ltd. (NYSE:TK) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,801 shares of the shipping company’s stock after buying an additional 15,180 shares during the quarter. Ritholtz Wealth Management’s holdings in Teekay were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TK. GAMMA Investing LLC increased its position in 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 buying an additional 3,280 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Teekay in the first quarter worth $48,000. Virtus Advisers LLC purchased a new stake in Teekay in the first quarter worth $59,000. New York State Common Retirement Fund increased its position in Teekay by 20.9% in the first quarter. New York State Common Retirement Fund now owns 10,425 shares of the shipping company’s stock worth $68,000 after buying an additional 1,802 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in Teekay in the first quarter worth $77,000. 46.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Teekay in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Teekay presently has an average rating of “Sell”.

Teekay Stock Performance

Shares of NYSE TK opened at $8.43 on Friday. The stock has a market cap of $774.18 million, a PE ratio of 5.98 and a beta of 0.42. Teekay Corporation Ltd. has a fifty-two week low of $5.65 and a fifty-two week high of $9.35. The stock has a fifty day moving average of $8.17 and a 200-day moving average of $7.87.

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.