Mercuria Capital Strategies LLC Invests $11.09 Million in Teekay Corporation Ltd. $TK

Mercuria Capital Strategies LLC acquired a new position in Teekay Corporation Ltd. (NYSE:TK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,228,294 shares of the shipping company’s stock, valued at approximately $11,091,000. Teekay comprises about 9.1% of Mercuria Capital Strategies LLC’s holdings, making the stock its 2nd largest holding. Mercuria Capital Strategies LLC owned approximately 1.34% of Teekay as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TK. Cubist Systematic Strategies LLC purchased a new position in shares of Teekay in the 1st quarter worth approximately $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Teekay by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,460 shares of the shipping company’s stock worth $213,000 after buying an additional 1,404 shares during the last quarter. Millennium Management LLC grew its position in shares of Teekay by 153.8% in the 1st quarter. Millennium Management LLC now owns 1,188,289 shares of the shipping company’s stock worth $7,807,000 after buying an additional 720,093 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Teekay in the 1st quarter worth approximately $267,000. Finally, Jane Street Group LLC grew its position in shares of Teekay by 82.3% in the 1st quarter. Jane Street Group LLC now owns 160,068 shares of the shipping company’s stock worth $1,052,000 after buying an additional 72,240 shares during the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Teekay from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Teekay Price Performance

TK stock opened at $11.57 on Friday. The firm’s fifty day simple moving average is $12.73 and its 200-day simple moving average is $11.22. The company has a market capitalization of $1.00 billion, a P/E ratio of 7.66 and a beta of 0.19. Teekay Corporation Ltd. has a 12 month low of $7.11 and a 12 month high of $14.38.

Teekay (NYSE:TK) last released its quarterly earnings data on Wednesday, May 13th. The shipping company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.11 by $0.44. The business had revenue of $285.82 million for the quarter, compared to the consensus estimate of $285.82 million. Teekay had a net margin of 13.03% and a return on equity of 6.36%.

Teekay Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 26th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 26th.

Teekay Profile

Teekay Corporation (NYSE: TK) is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay’s core business is organized into three operating segments.