Tudor Investment Corp ET AL Purchases 8,011 Shares of Teekay Co. (NYSE:TK)

Tudor Investment Corp ET AL lifted its holdings in Teekay Co. (NYSE:TK) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,327 shares of the shipping company’s stock after acquiring an additional 8,011 shares during the period. Tudor Investment Corp ET AL’s holdings in Teekay were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in Teekay in the fourth quarter worth approximately $4,945,000. JPMorgan Chase & Co. boosted its stake in Teekay by 108.8% during the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock worth $6,489,000 after acquiring an additional 367,527 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Teekay by 738.1% during the fourth quarter. Alliancebernstein L.P. now owns 357,890 shares of the shipping company’s stock worth $2,480,000 after acquiring an additional 315,190 shares in the last quarter. American Century Companies Inc. grew its holdings in Teekay by 9.9% in the fourth quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company’s stock worth $14,013,000 after purchasing an additional 181,474 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Teekay in the fourth quarter valued at $975,000. 46.73% of the stock is owned by institutional investors and hedge funds.

Teekay Price Performance

TK stock opened at $7.89 on Friday. Teekay Co. has a 1 year low of $5.65 and a 1 year high of $9.95. The stock has a market capitalization of $724.59 million, a PE ratio of 5.60 and a beta of 0.37. The company’s 50-day moving average is $6.69 and its 200-day moving average is $7.02.

Teekay (NYSE:TK) last announced its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%. The firm had revenue of $161.63 million during the quarter.

Teekay Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. Teekay’s payout ratio is 17.73%.

About Teekay

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.