Teekay Corporation Ltd. (NYSE:TK – Get Free Report) Director Simon Heidi Locke sold 1,000 shares of Teekay stock in a transaction on Friday, August 21st. The stock was sold at an average price of $13.64, for a total transaction of $13,640.00. Following the sale, the director directly owned 46,001 shares in the company, valued at approximately $627,453.64. This trade represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Simon Heidi Locke also recently made the following trade(s):
- On Thursday, August 20th, Simon Heidi Locke sold 485 shares of Teekay stock. The stock was sold at an average price of $13.24, for a total value of $6,421.40.
- On Wednesday, August 19th, Simon Heidi Locke sold 96 shares of Teekay stock. The stock was sold at an average price of $13.19, for a total value of $1,266.24.
- On Monday, June 22nd, Simon Heidi Locke sold 18,119 shares of Teekay stock. The stock was sold at an average price of $12.37, for a total value of $224,132.03.
Teekay Trading Down 0.3%
Shares of TK stock opened at $13.20 on Monday. Teekay Corporation Ltd. has a twelve month low of $7.80 and a twelve month high of $14.38. The company’s 50-day moving average price is $11.41 and its 200-day moving average price is $11.97. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 6.35 and a beta of 0.23.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Teekay in the 2nd quarter valued at approximately $33,000. Transamerica Financial Advisors LLC increased its holdings in Teekay by 250.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 4,378 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 3,130 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Teekay in the fourth quarter valued at approximately $43,000. CWM LLC raised its position in Teekay by 34.2% in the fourth quarter. CWM LLC now owns 5,684 shares of the shipping company’s stock valued at $51,000 after purchasing an additional 1,449 shares during the period. Finally, Pinnacle Holdings LLC acquired a new position in Teekay during the second quarter worth $62,000. Hedge funds and other institutional investors own 46.73% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Weiss Ratings cut Teekay from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen raised Teekay from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on Teekay
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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