GSA Capital Partners LLP acquired a new position in shares of Teekay Co. (NYSE:TK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 26,717 shares of the shipping company’s stock, valued at approximately $207,000.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in Teekay by 14.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 48,516 shares of the shipping company’s stock valued at $392,000 after purchasing an additional 6,021 shares during the period. American Century Companies Inc. acquired a new position in Teekay during the 2nd quarter valued at approximately $2,676,000. Guggenheim Capital LLC boosted its position in Teekay by 12.3% during the 1st quarter. Guggenheim Capital LLC now owns 393,671 shares of the shipping company’s stock valued at $3,185,000 after purchasing an additional 43,210 shares during the period. Bell & Brown Wealth Advisors LLC boosted its position in Teekay by 7.5% during the 2nd quarter. Bell & Brown Wealth Advisors LLC now owns 120,670 shares of the shipping company’s stock valued at $935,000 after purchasing an additional 8,445 shares during the period. Finally, Northern Trust Corp boosted its position in Teekay by 6.8% during the 1st quarter. Northern Trust Corp now owns 1,020,445 shares of the shipping company’s stock valued at $8,256,000 after purchasing an additional 64,788 shares during the period. Institutional investors own 29.09% of the company’s stock.

NYSE:TK opened at $6.53 on Wednesday. Teekay Co. has a 12-month low of $6.25 and a 12-month high of $10.90. The company has a market cap of $647.80 million, a P/E ratio of -4.73 and a beta of 1.34. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.39.

Teekay (NYSE:TK) last released its quarterly earnings data on Thursday, August 2nd. The shipping company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.13. Teekay had a negative return on equity of 2.98% and a negative net margin of 4.62%. The business had revenue of $405.60 million during the quarter, compared to analyst estimates of $332.02 million. During the same quarter in the previous year, the firm posted ($0.44) EPS. The business’s revenue for the quarter was down 21.1% compared to the same quarter last year. equities analysts expect that Teekay Co. will post -0.5 EPS for the current fiscal year.

A number of research analysts recently issued reports on TK shares. ValuEngine upgraded Teekay from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Morgan Stanley boosted their price objective on Teekay from $6.00 to $6.50 and gave the company an “underweight” rating in a research report on Wednesday, June 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a $8.00 price objective on shares of Teekay in a research report on Monday, August 20th.

Teekay Profile

Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers, floating storage and offloading (FSO) units, HiLoad dynamic positioning units, and long-distance towing and offshore installation vessels, as well as offers offshore accommodation, storage, and support for maintenance and modification projects.

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Institutional Ownership by Quarter for Teekay (NYSE:TK)

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