Campbell & CO Investment Adviser LLC Sells 30,293 Shares of Teekay Corporation Ltd. $TK

Campbell & CO Investment Adviser LLC cut its holdings in Teekay Corporation Ltd. (NYSE:TK) by 29.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,839 shares of the shipping company’s stock after selling 30,293 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Teekay were worth $593,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TK. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Teekay in the 2nd quarter valued at $314,000. Savant Capital LLC bought a new stake in Teekay in the second quarter valued at about $98,000. Y Intercept Hong Kong Ltd acquired a new position in Teekay in the second quarter valued at about $577,000. Envestnet Asset Management Inc. boosted its holdings in Teekay by 24.0% during the second quarter. Envestnet Asset Management Inc. now owns 149,205 shares of the shipping company’s stock worth $1,231,000 after buying an additional 28,860 shares during the last quarter. Finally, Ethic Inc. acquired a new position in shares of Teekay during the 2nd quarter worth about $262,000. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Trading Up 0.2%

TK stock opened at $10.05 on Friday. The firm has a market cap of $922.68 million, a PE ratio of 7.13 and a beta of 0.35. The business’s 50-day moving average price is $8.79 and its two-hundred day moving average price is $8.30. Teekay Corporation Ltd. has a 1-year low of $5.65 and a 1-year high of $10.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Teekay in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Teekay presently has a consensus rating of “Sell”.

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.