Quantbot Technologies LP Has $491,000 Stock Holdings in Teekay Corporation Ltd. $TK

Quantbot Technologies LP lifted its position in shares of Teekay Corporation Ltd. (NYSE:TK) by 898.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,979 shares of the shipping company’s stock after purchasing an additional 53,971 shares during the quarter. Quantbot Technologies LP owned 0.07% of Teekay worth $491,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Teekay during the 3rd quarter worth $27,000. Cubist Systematic Strategies LLC acquired a new position in Teekay in the first quarter valued at about $48,000. Tower Research Capital LLC TRC grew its stake in Teekay by 194.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,600 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 5,022 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Teekay by 1,008.8% in the second quarter. Osaic Holdings Inc. now owns 10,456 shares of the shipping company’s stock worth $86,000 after acquiring an additional 9,513 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Teekay during the second quarter worth about $91,000. Institutional investors and hedge funds own 46.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Teekay in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Teekay presently has an average rating of “Hold”.

Teekay Stock Down 0.6%

Shares of Teekay stock opened at $12.22 on Monday. Teekay Corporation Ltd. has a 12-month low of $5.65 and a 12-month high of $13.76. The stock has a market cap of $1.12 billion, a P/E ratio of 10.81 and a beta of 0.12. The business’s 50 day moving average is $10.59 and its 200-day moving average is $9.53.

Teekay (NYSE:TK) last released its quarterly earnings data on Wednesday, February 18th. The shipping company reported $0.40 EPS for the quarter. Teekay had a return on equity of 5.02% and a net margin of 10.33%.

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.