Teekay (NYSE:TK) CEO Sells 132,884 Shares

Posted by George Bondi on Sep 11th, 2026

Teekay Corporation Ltd. (NYSE:TK – Get Free Report) CEO Kenneth Hvid sold 132,884 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $14.28, for a total value of $1,897,583.52. Following the completion of the sale, the chief executive officer owned 105,500 shares in the company, valued at approximately $1,506,540. The trade was a 55.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Teekay Trading Up 2.0%

TK traded up $0.28 on Friday, hitting $14.38. 626,945 shares of the company were exchanged, compared to its average volume of 580,060. The firm has a 50-day moving average price of $11.95 and a two-hundred day moving average price of $12.19. Teekay Corporation Ltd. has a twelve month low of $7.80 and a twelve month high of $14.39. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 6.91 and a beta of 0.25.

Teekay (NYSE:TK – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The shipping company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.68. Teekay had a return on equity of 7.91% and a net margin of 15.78%.During the same period last year, the company posted $0.22 EPS.

Institutional Trading of Teekay

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Teekay by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,405,895 shares of the shipping company’s stock valued at $66,004,000 after buying an additional 79,826 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Teekay by 58.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,783,869 shares of the shipping company’s stock worth $33,796,000 after acquiring an additional 1,029,977 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Teekay by 5.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,215,192 shares of the shipping company’s stock valued at $18,120,000 after acquiring an additional 110,755 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Teekay by 88.5% in the 3rd quarter. Millennium Management LLC now owns 1,420,284 shares of the shipping company’s stock valued at $11,618,000 after acquiring an additional 666,990 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Teekay by 3.5% in the 3rd quarter. UBS Group AG now owns 1,304,519 shares of the shipping company’s stock valued at $10,671,000 after acquiring an additional 43,574 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Teekay from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Teekay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Check Out Our Latest Analysis on Teekay

About Teekay

(Get Free Report)

Teekay Corporation (NYSE: TK) is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay’s core business is organized into three operating segments.