Teekay Co. (NYSE:TK) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Teekay Co. (NYSE:TKFree Report) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 803,936 shares of the shipping company’s stock after acquiring an additional 19,961 shares during the period. Geode Capital Management LLC’s holdings in Teekay were worth $7,452,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Summit Global Investments increased its position in shares of Teekay by 4.6% during the third quarter. Summit Global Investments now owns 78,699 shares of the shipping company’s stock worth $724,000 after purchasing an additional 3,474 shares in the last quarter. Caprock Group LLC grew its stake in Teekay by 15.1% during the 3rd quarter. Caprock Group LLC now owns 28,009 shares of the shipping company’s stock worth $258,000 after buying an additional 3,674 shares during the last quarter. Quarry LP increased its position 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 buying an additional 4,000 shares during the period. Point72 DIFC Ltd lifted its stake in Teekay by 885.2% in the second quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company’s stock valued at $43,000 after buying an additional 4,311 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Teekay by 23.0% in the third quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company’s stock valued at $257,000 after acquiring an additional 5,223 shares during the period. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Trading Up 3.3 %

Shares of TK opened at $7.16 on Friday. The company’s 50 day simple moving average is $7.25 and its 200-day simple moving average is $8.05. Teekay Co. has a 12-month low of $5.98 and a 12-month high of $9.95. The firm has a market cap of $657.55 million, a PE ratio of 4.77 and a beta of 0.56.

Teekay Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a $1.00 dividend. The ex-dividend date was Wednesday, December 4th. Teekay’s dividend payout ratio is presently 16.67%.

Teekay Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teekay (NYSE:TK)

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