Teekay Co. (NYSE:TK) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in shares of Teekay Co. (NYSE:TK) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 523,762 shares of the shipping company’s stock after selling 13,247 shares during the period. Sei Investments Co.’s holdings in Teekay were worth $4,698,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Renaissance Technologies LLC grew its stake in shares of Teekay by 19.2% during the 2nd quarter. Renaissance Technologies LLC now owns 4,026,075 shares of the shipping company’s stock worth $36,114,000 after purchasing an additional 649,900 shares during the period. Sierra Summit Advisors LLC acquired a new position in Teekay during the second quarter worth about $655,000. Dimensional Fund Advisors LP increased its holdings in Teekay by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock valued at $49,579,000 after buying an additional 176,641 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Teekay by 36.3% during the 2nd quarter. WINTON GROUP Ltd now owns 91,511 shares of the shipping company’s stock valued at $821,000 after acquiring an additional 24,357 shares during the period. Finally, Inspire Advisors LLC boosted its stake in shares of Teekay by 41.1% during the 2nd quarter. Inspire Advisors LLC now owns 51,909 shares of the shipping company’s stock worth $466,000 after acquiring an additional 15,108 shares in the last quarter. 46.73% of the stock is owned by hedge funds and other institutional investors.

Teekay Stock Performance

Teekay stock opened at $9.21 on Wednesday. The firm has a market capitalization of $837.65 million, a price-to-earnings ratio of 5.75 and a beta of 0.59. Teekay Co. has a fifty-two week low of $5.70 and a fifty-two week high of $9.95. The stock’s fifty day moving average is $8.26 and its two-hundred day moving average is $8.30.

Teekay (NYSE:TK) last posted its earnings results on Thursday, August 1st. The shipping company reported $0.35 earnings per share for the quarter. The firm had revenue of $326.14 million during the quarter. Teekay had a net margin of 11.18% and a return on equity of 7.03%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Teekay from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 28th.

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.