Teekay Corporation Ltd. (NYSE:TK – Get Free Report) Director Simon Heidi Locke sold 18,119 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $12.37, for a total value of $224,132.03. Following the completion of the sale, the director owned 47,582 shares in the company, valued at approximately $588,589.34. This represents a 27.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Teekay Stock Performance
Shares of TK stock opened at $12.08 on Thursday. The stock has a fifty day moving average price of $12.64 and a 200 day moving average price of $11.43. The stock has a market cap of $1.05 billion, a PE ratio of 8.00 and a beta of 0.19. Teekay Corporation Ltd. has a 1 year low of $7.11 and a 1 year high of $14.38.
Teekay (NYSE:TK – Get Free Report) last posted its earnings results on Wednesday, May 13th. The shipping company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.44. The company had revenue of $285.82 million for the quarter, compared to the consensus estimate of $285.82 million. Teekay had a return on equity of 6.36% and a net margin of 13.03%.
Teekay Dividend Announcement
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Teekay from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Wall Street Zen downgraded shares of Teekay from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Research Report on Teekay
Institutional Trading of Teekay
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TK. Tudor Investment Corp ET AL boosted its stake in shares of Teekay by 191.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 407,901 shares of the shipping company’s stock worth $3,337,000 after purchasing an additional 267,743 shares during the last quarter. American Century Companies Inc. raised its position in shares of Teekay by 6.5% in the third quarter. American Century Companies Inc. now owns 2,401,121 shares of the shipping company’s stock valued at $19,641,000 after buying an additional 147,009 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Teekay in the fourth quarter valued at approximately $948,000. Denali Advisors LLC raised its position in shares of Teekay by 38.3% in the fourth quarter. Denali Advisors LLC now owns 283,213 shares of the shipping company’s stock valued at $2,557,000 after buying an additional 78,389 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Teekay by 25.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,753,892 shares of the shipping company’s stock valued at $15,469,000 after buying an additional 359,376 shares during the period. Hedge funds and other institutional investors own 46.73% of the company’s stock.
About Teekay
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.
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