Teekay Corporation Ltd. $TK Shares Acquired by Versor Investments LP

Versor Investments LP boosted its holdings in shares of Teekay Corporation Ltd. (NYSE:TK) by 177.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,700 shares of the shipping company’s stock after purchasing an additional 40,700 shares during the period. Versor Investments LP owned approximately 0.07% of Teekay worth $575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in Teekay by 6.5% during the third quarter. American Century Companies Inc. now owns 2,401,121 shares of the shipping company’s stock valued at $19,641,000 after purchasing an additional 147,009 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Teekay by 5.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,215,192 shares of the shipping company’s stock valued at $18,120,000 after acquiring an additional 110,755 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Teekay by 25.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,753,892 shares of the shipping company’s stock valued at $15,469,000 after acquiring an additional 359,376 shares during the period. Millennium Management LLC raised its holdings in shares of Teekay by 88.5% during the third quarter. Millennium Management LLC now owns 1,420,284 shares of the shipping company’s stock valued at $11,618,000 after acquiring an additional 666,990 shares during the period. Finally, UBS Group AG raised its holdings in shares of Teekay by 3.5% during the third quarter. UBS Group AG now owns 1,304,519 shares of the shipping company’s stock valued at $10,671,000 after acquiring an additional 43,574 shares during the period. 46.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Teekay from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Teekay Price Performance

TK stock opened at $13.26 on Thursday. Teekay Corporation Ltd. has a 52-week low of $7.11 and a 52-week high of $14.38. The company’s 50 day simple moving average is $12.53 and its 200-day simple moving average is $10.89. The firm has a market capitalization of $1.15 billion, a P/E ratio of 11.73 and a beta of 0.23.

Teekay (NYSE:TK) last released its quarterly earnings results on Wednesday, May 13th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.44. Teekay had a net margin of 10.33% and a return on equity of 4.76%.

Teekay Company 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.