Dimensional Fund Advisors LP Buys 79,826 Shares of Teekay Corporation Ltd. $TK

Dimensional Fund Advisors LP grew its position in Teekay Corporation Ltd. (NYSE:TK) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,405,895 shares of the shipping company’s stock after purchasing an additional 79,826 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Teekay worth $66,004,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Teekay by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,460 shares of the shipping company’s stock valued at $213,000 after purchasing an additional 1,404 shares during the period. CWM LLC increased its position in Teekay by 34.2% during the 4th quarter. CWM LLC now owns 5,684 shares of the shipping company’s stock worth $51,000 after buying an additional 1,449 shares during the period. Ritholtz Wealth Management increased its position in Teekay by 1.4% during the 4th quarter. Ritholtz Wealth Management now owns 154,498 shares of the shipping company’s stock worth $1,395,000 after buying an additional 2,177 shares during the period. Diversified Trust Co lifted its holdings in shares of Teekay by 8.9% during the first 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. Finally, Empowered Funds LLC lifted its holdings in shares of Teekay by 0.5% during the fourth quarter. Empowered Funds LLC now owns 473,886 shares of the shipping company’s stock worth $4,279,000 after buying an additional 2,382 shares in the last quarter. Institutional investors own 46.73% of the company’s stock.

Analyst Upgrades and Downgrades

TK has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Teekay from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded shares of Teekay from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Insider Activity

In other Teekay news, Director Rudolph Krediet sold 63,042 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $11.80, for a total value of $743,895.60. Following the transaction, the director directly owned 35,167 shares of the company’s stock, valued at $414,970.60. This trade represents a 64.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kenneth Hvid sold 315,335 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $12.36, for a total transaction of $3,897,540.60. Following the completion of the transaction, the chief executive officer owned 112,322 shares of the company’s stock, valued at $1,388,299.92. The trade was a 73.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 408,818 shares of company stock valued at $5,014,530 in the last 90 days. 2.38% of the stock is owned by corporate insiders.

Teekay Price Performance

Shares of NYSE TK opened at $11.62 on Friday. The business has a fifty day moving average price of $11.36 and a two-hundred day moving average price of $11.72. The stock has a market capitalization of $1.01 billion, a PE ratio of 5.59 and a beta of 0.22. Teekay Corporation Ltd. has a fifty-two week low of $7.11 and a fifty-two week high of $14.38.

Teekay (NYSE:TK) last released its earnings results on Wednesday, July 29th. The shipping company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.68. Teekay had a return on equity of 8.40% and a net margin of 15.78%.The company had revenue of $379.12 million for the quarter, compared to analyst estimates of $379.12 million. During the same period in the prior year, the firm posted $0.22 EPS.

Teekay Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 26th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, May 26th.

About Teekay

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.