Tudor Investment Corp ET AL Buys 267,743 Shares of Teekay Corporation Ltd. $TK

Tudor Investment Corp ET AL lifted its stake in Teekay Corporation Ltd. (NYSE:TK) by 191.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 407,901 shares of the shipping company’s stock after purchasing an additional 267,743 shares during the period. Tudor Investment Corp ET AL’s holdings in Teekay were worth $3,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Coldstream Capital Management Inc. bought a new position in shares of Teekay in the 3rd quarter worth $193,000. PharVision Advisers LLC bought a new position in shares of Teekay in the 3rd quarter worth $97,000. Virtus Advisers LLC boosted its position in shares of Teekay by 628.1% in the 3rd quarter. Virtus Advisers LLC now owns 65,393 shares of the shipping company’s stock worth $535,000 after purchasing an additional 56,412 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Teekay in the 3rd quarter worth $2,712,000. Finally, Millennium Management LLC boosted its position in shares of Teekay by 88.5% in the 3rd quarter. Millennium Management LLC now owns 1,420,284 shares of the shipping company’s stock worth $11,618,000 after purchasing an additional 666,990 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TK. Wall Street Zen cut Teekay from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Teekay in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Teekay has a consensus rating of “Hold”.

Teekay Trading Down 1.9%

NYSE:TK opened at $12.32 on Friday. Teekay Corporation Ltd. has a 1 year low of $6.13 and a 1 year high of $13.76. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.91 and a beta of 0.18. The stock has a 50-day moving average price of $11.84 and a two-hundred day moving average price of $10.15.

Teekay (NYSE:TK) last issued its quarterly earnings results on Friday, March 13th. The shipping company reported $0.37 EPS for the quarter. The company had revenue of $243.09 million for the quarter. Teekay had a return on equity of 4.76% and a net margin of 10.33%.

Teekay Profile

Teekay Corporation (NYSE: TK) is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay’s core business is organized into three operating segments.