Quantbot Technologies LP Has $491,000 Stock Holdings in Teekay Corporation Ltd. $TK

Quantbot Technologies LP increased its position in Teekay Corporation Ltd. (NYSE:TK) by 898.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,979 shares of the shipping company’s stock after purchasing an additional 53,971 shares during the quarter. Quantbot Technologies LP’s holdings in Teekay were worth $491,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Teekay during the third quarter worth about $27,000. Cubist Systematic Strategies LLC bought a new stake in Teekay in the first quarter valued at approximately $48,000. Tower Research Capital LLC TRC raised its stake in Teekay by 194.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,600 shares of the shipping company’s stock valued at $63,000 after buying an additional 5,022 shares during the period. Osaic Holdings Inc. lifted its position in shares of Teekay by 1,008.8% in the second quarter. Osaic Holdings Inc. now owns 10,456 shares of the shipping company’s stock valued at $86,000 after buying an additional 9,513 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Teekay in the second quarter valued at approximately $91,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Stock Down 0.6%

Shares of TK stock opened at $12.22 on Monday. Teekay Corporation Ltd. has a 12-month low of $5.65 and a 12-month high of $13.76. The company has a market capitalization of $1.12 billion, a PE ratio of 10.81 and a beta of 0.12. The firm has a 50 day moving average price of $10.59 and a two-hundred day moving average price of $9.53.

Teekay (NYSE:TK) last posted its earnings results on Wednesday, February 18th. The shipping company reported $0.40 EPS for the quarter. Teekay had a return on equity of 5.02% and a net margin of 10.33%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Teekay in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus 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.