Teekay Co. (NYSE:TK) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Teekay Co. (NYSE:TK) by 267.9% during the third quarter, HoldingsChannel.com reports. The fund owned 80,046 shares of the shipping company’s stock after buying an additional 58,290 shares during the period. Barclays PLC’s holdings in Teekay were worth $736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd boosted its position in Teekay by 885.2% during the second quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company’s stock worth $43,000 after acquiring an additional 4,311 shares during the last quarter. Quarry LP raised its stake in Teekay by 90.6% during the second quarter. Quarry LP now owns 8,415 shares of the shipping company’s stock worth $75,000 after purchasing an additional 4,000 shares during the period. MML Investors Services LLC purchased a new position in Teekay during the third quarter worth about $100,000. PDT Partners LLC purchased a new position in Teekay during the third quarter worth about $141,000. Finally, Aristides Capital LLC purchased a new position in Teekay during the second quarter worth about $180,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Price Performance

Shares of TK stock opened at $7.80 on Thursday. The firm’s 50-day moving average is $7.15 and its two-hundred day moving average is $7.95. Teekay Co. has a 12 month low of $5.98 and a 12 month high of $9.95. The company has a market capitalization of $716.32 million, a PE ratio of 5.20 and a beta of 0.54.

Teekay Announces Dividend

The business also recently declared a — dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. Teekay’s dividend payout ratio (DPR) is 16.67%.

About Teekay

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.