Teekay (NYSE:TK) Shares Up 7.1%

Teekay Co. (NYSE:TK) shot up 7.1% during mid-day trading on Thursday . The company traded as high as $8.64 and last traded at $8.63. 186,419 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 647,857 shares. The stock had previously closed at $8.06.

Teekay Stock Up 5.8 %

The company has a market capitalization of $775.79 million, a price-to-earnings ratio of 5.64 and a beta of 0.62. The company has a quick ratio of 5.03, a current ratio of 5.33 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $7.37 and a 200-day moving average price of $7.49.

Teekay (NYSE:TK) last posted its quarterly earnings data on Thursday, February 22nd. The shipping company reported $0.34 earnings per share (EPS) for the quarter. Teekay had a return on equity of 9.07% and a net margin of 10.28%. The firm had revenue of $339.19 million for the quarter.

Institutional Trading of Teekay

Several hedge funds and other institutional investors have recently modified their holdings of TK. DGS Capital Management LLC acquired a new stake in shares of Teekay during the 4th quarter valued at $86,000. Naviter Wealth LLC acquired a new stake in Teekay during the fourth quarter valued at $89,000. Privium Fund Management UK Ltd purchased a new position in Teekay in the third quarter valued at about $106,000. Daiwa Securities Group Inc. grew its stake in Teekay by 604.0% in the first quarter. Daiwa Securities Group Inc. now owns 17,600 shares of the shipping company’s stock valued at $128,000 after purchasing an additional 15,100 shares in the last quarter. Finally, Stokes Family Office LLC increased its position in Teekay by 13.3% in the 3rd quarter. Stokes Family Office LLC now owns 21,749 shares of the shipping company’s stock worth $134,000 after purchasing an additional 2,553 shares during the last quarter. Institutional investors and hedge funds own 46.73% of the company’s stock.

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.