Koss Olinger Consulting LLC Has $654,000 Stock Position in Teekay Corporation Ltd. $TK

Koss Olinger Consulting LLC reduced its holdings in shares of Teekay Corporation Ltd. (NYSE:TK) by 7.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,234 shares of the shipping company’s stock after selling 6,824 shares during the quarter. Koss Olinger Consulting LLC owned 0.09% of Teekay worth $654,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TK. Pacer Advisors Inc. purchased a new position in Teekay during the first quarter worth about $4,758,000. Millennium Management LLC boosted its holdings in Teekay by 153.8% during the first quarter. Millennium Management LLC now owns 1,188,289 shares of the shipping company’s stock worth $7,807,000 after purchasing an additional 720,093 shares during the last quarter. Nuveen LLC purchased a new position in Teekay during the first quarter worth about $3,242,000. Allspring Global Investments Holdings LLC boosted its holdings in Teekay by 80.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 858,425 shares of the shipping company’s stock worth $5,657,000 after purchasing an additional 383,997 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Teekay during the first quarter worth about $1,284,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Stock Up 2.1%

TK opened at $9.30 on Tuesday. The stock has a market cap of $853.65 million, a price-to-earnings ratio of 6.59 and a beta of 0.42. Teekay Corporation Ltd. has a twelve month low of $5.65 and a twelve month high of $9.35. The company’s 50-day moving average price is $8.33 and its two-hundred day moving average price is $8.00.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Teekay in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.