Mercuria Capital Strategies LLC Takes Position in Teekay Corporation Ltd. $TK

Mercuria Capital Strategies LLC bought a new stake in Teekay Corporation Ltd. (NYSE:TK) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,228,294 shares of the shipping company’s stock, valued at approximately $11,091,000. Teekay accounts for 9.1% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 2nd largest holding.

Several other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 lifted its stake in shares of Teekay by 34.2% in the 4th quarter. CWM LLC now owns 5,684 shares of the shipping company’s stock valued at $51,000 after purchasing an additional 1,449 shares during the period. Bell & Brown Wealth Advisors LLC lifted its stake in shares of Teekay by 0.9% in the 3rd quarter. Bell & Brown Wealth Advisors LLC now owns 202,552 shares of the shipping company’s stock valued at $1,657,000 after purchasing an additional 1,899 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Teekay by 3.8% in the 3rd quarter. Fisher Asset Management LLC now owns 52,500 shares of the shipping company’s stock valued at $429,000 after purchasing an additional 1,900 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in shares of Teekay by 1.4% in the 4th quarter. Ritholtz Wealth Management now owns 154,498 shares of the shipping company’s stock valued at $1,395,000 after purchasing an additional 2,177 shares during the period. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Stock Performance

NYSE:TK opened at $11.57 on Friday. The company has a fifty day moving average of $12.73 and a two-hundred day moving average of $11.22. The stock has a market capitalization of $1.00 billion, a PE ratio of 7.66 and a beta of 0.19. 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 posted its quarterly earnings data on Wednesday, May 13th. The shipping company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.44. The company had revenue of $285.82 million during the quarter, compared to analysts’ expectations of $285.82 million. Teekay had a net margin of 13.03% and a return on equity of 6.36%.

Teekay Announces Dividend

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

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Teekay from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.