Simon Heidi Locke Sells 11,585 Shares of Teekay (NYSE:TK) Stock

Teekay Corporation Ltd. (NYSE:TK) Director Heidi Simon sold 11,585 shares of Teekay stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $14.08, for a total value of $163,116.80. Following the transaction, the director directly owned 46,001 shares in the company, valued at approximately $647,694.08. This trade represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Simon Heidi Locke also recently made the following trade(s):

• On Friday, August 21st, Heidi Simon sold 1,000 shares of Teekay stock. The shares were sold at an average price of $13.64, for a total value of $13,640.00.
• On Thursday, August 20th, Heidi Simon sold 485 shares of Teekay stock. The shares were sold at an average price of $13.24, for a total value of $6,421.40.
• On Wednesday, August 19th, Heidi Simon sold 96 shares of Teekay stock. The stock was sold at an average price of $13.19, for a total transaction of $1,266.24.
• On Monday, June 22nd, Heidi Simon sold 18,119 shares of Teekay stock. The shares were sold at an average price of $12.37, for a total transaction of $224,132.03.

Teekay Price Performance

TK stock opened at $14.38 on Friday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 6.91 and a beta of 0.25. The company has a fifty day moving average price of $12.04 and a 200 day moving average price of $12.20. Teekay Corporation Ltd. has a 12 month low of $7.80 and a 12 month high of $14.39.

Teekay (NYSE:TK) last announced its earnings results on Friday, July 31st. The shipping company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.68. Teekay had a net margin of 15.78% and a return on equity of 7.91%. During the same period in the previous year, the business earned $0.22 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Teekay by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,460 shares of the shipping company’s stock valued at $213,000 after buying an additional 1,404 shares in the last quarter. Diversified Trust Co boosted its position in shares of Teekay by 8.9% in the 1st quarter. Diversified Trust Co now owns 28,128 shares of the shipping company’s stock worth $343,000 after buying an additional 2,306 shares in the last quarter. Empowered Funds LLC grew its stake in Teekay by 0.5% in the 4th quarter. Empowered Funds LLC now owns 473,886 shares of the shipping company’s stock valued at $4,279,000 after acquiring an additional 2,382 shares during the last quarter. Savant Capital LLC grew its stake in Teekay by 22.2% in the 4th quarter. Savant Capital LLC now owns 13,355 shares of the shipping company’s stock valued at $121,000 after acquiring an additional 2,423 shares during the last quarter. Finally, Verition Fund Management LLC increased its holdings in Teekay by 7.0% during the 4th quarter. Verition Fund Management LLC now owns 38,408 shares of the shipping company’s stock valued at $347,000 after acquiring an additional 2,500 shares in the last quarter. 46.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TK shares. Weiss Ratings raised Teekay from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Wall Street Zen raised Teekay from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Teekay Company Profile

Teekay Corporation (NYSE: TK) is a marine transportation company that provides international shipping services for the energy industry. Through its subsidiaries and affiliated companies, Teekay is primarily involved in the ownership and operation of crude oil and refined petroleum product tankers that transport energy commodities around the world.

The company’s fleet and commercial operations serve energy producers, refiners, commodity traders and other customers across major global shipping routes.