BNP Paribas Arbitrage SA Boosts Stock Holdings in Teekay Co. (NYSE:TK)

BNP Paribas Arbitrage SA raised its holdings in shares of Teekay Co. (NYSE:TK) by 27.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,408 shares of the shipping company’s stock after buying an additional 4,643 shares during the period. BNP Paribas Arbitrage SA’s holdings in Teekay were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its position in Teekay by 6.7% during the first quarter. BlackRock Inc. now owns 4,063,050 shares of the shipping company’s stock valued at $12,841,000 after buying an additional 255,593 shares during the period. Renaissance Technologies LLC raised its stake in shares of Teekay by 17.3% during the fourth quarter. Renaissance Technologies LLC now owns 2,233,465 shares of the shipping company’s stock valued at $11,882,000 after acquiring an additional 329,400 shares during the last quarter. State Street Corp raised its stake in shares of Teekay by 10.9% during the fourth quarter. State Street Corp now owns 1,431,419 shares of the shipping company’s stock valued at $7,615,000 after acquiring an additional 141,086 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Teekay by 10.8% during the fourth quarter. Geode Capital Management LLC now owns 441,261 shares of the shipping company’s stock valued at $2,346,000 after acquiring an additional 42,916 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of Teekay during the fourth quarter valued at about $1,492,000. Institutional investors and hedge funds own 19.55% of the company’s stock.

Shares of NYSE TK opened at $2.41 on Wednesday. Teekay Co. has a fifty-two week low of $2.04 and a fifty-two week high of $5.76. The company has a 50 day simple moving average of $2.80 and a two-hundred day simple moving average of $3.56. The company has a market capitalization of $238.61 million, a price-to-earnings ratio of -0.88 and a beta of 1.35. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.06 and a current ratio of 1.06.

Teekay (NYSE:TK) last posted its quarterly earnings results on Thursday, May 21st. The shipping company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.14. Teekay had a negative net margin of 13.70% and a positive return on equity of 0.75%. The firm had revenue of $452.49 million for the quarter.

Separately, ValuEngine raised shares of Teekay from a “hold” rating to a “buy” rating in a research note on Friday, May 1st.

Teekay Company 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 production, storage, and offloading units; floating storage and offloading units; HiLoad dynamic positioning units; long-distance towing and offshore installation vessels; and conventional tankers.

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Institutional Ownership by Quarter for Teekay (NYSE:TK)

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