Hartree Partners LP Purchases New Position in Teekay Co. (NYSE:TK)

Hartree Partners LP bought a new position in shares of Teekay Co. (NYSE:TK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 40,800 shares of the shipping company’s stock, valued at approximately $283,000.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in Teekay in the 4th quarter worth $4,945,000. JPMorgan Chase & Co. lifted its holdings in shares of Teekay by 108.8% during the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock valued at $6,489,000 after purchasing an additional 367,527 shares in the last quarter. American Century Companies Inc. raised its stake in Teekay by 9.9% during the 4th quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company’s stock valued at $14,013,000 after buying an additional 181,474 shares during the last quarter. Quantbot Technologies LP bought a new position in Teekay in the fourth quarter worth approximately $975,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Teekay by 25.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 474,428 shares of the shipping company’s stock worth $3,333,000 after acquiring an additional 96,155 shares during the period. Institutional investors own 46.73% of the company’s stock.

Teekay Stock Performance

Shares of NYSE:TK opened at $6.68 on Friday. The firm has a fifty day moving average price of $6.83 and a 200 day moving average price of $7.48. Teekay Co. has a fifty-two week low of $5.98 and a fifty-two week high of $9.95. The firm has a market cap of $613.01 million, a price-to-earnings ratio of 4.73 and a beta of 0.56.

Teekay (NYSE:TK) last released its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $161.63 million during the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.

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.