SG Americas Securities LLC Increases Stock Position in Teekay Co. (NYSE:TK)

SG Americas Securities LLC lifted its position in shares of Teekay Co. (NYSE:TK) by 28.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,400 shares of the shipping company’s stock after purchasing an additional 10,173 shares during the period. SG Americas Securities LLC’s holdings in Teekay were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC acquired a new position in shares of Teekay in the 3rd quarter valued at about $100,000. PDT Partners LLC acquired a new position in Teekay during the third quarter valued at approximately $141,000. Diversified Trust Co grew its stake in Teekay by 13.2% during the fourth quarter. Diversified Trust Co now owns 16,090 shares of the shipping company’s stock worth $112,000 after buying an additional 1,879 shares during the period. Principal Financial Group Inc. increased its position 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 worth $257,000 after acquiring an additional 5,223 shares in the last quarter. Finally, Caprock Group LLC raised its stake in shares of Teekay by 15.1% in the 3rd quarter. Caprock Group LLC now owns 28,009 shares of the shipping company’s stock valued at $258,000 after acquiring an additional 3,674 shares during the period. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Stock Performance

Shares of NYSE:TK opened at $7.42 on Wednesday. The company has a market cap of $680.99 million, a P/E ratio of 4.94 and a beta of 0.51. The business’s 50-day simple moving average is $6.93 and its 200 day simple moving average is $7.81. Teekay Co. has a one year low of $5.98 and a one year high of $9.95.

Teekay 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.