Jane Street Group LLC Lowers Holdings in Teekay Co. (NYSE:TK)

Jane Street Group LLC trimmed its position in Teekay Co. (NYSE:TKFree Report) by 7.6% in the 3rd quarter, Holdings Channel reports. The firm owned 115,953 shares of the shipping company’s stock after selling 9,604 shares during the quarter. Jane Street Group LLC’s holdings in Teekay were worth $1,067,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TK. Point72 DIFC Ltd raised its stake in Teekay by 885.2% in the second quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 4,311 shares in the last quarter. Quarry LP raised its position in shares of Teekay by 90.6% during the 2nd quarter. Quarry LP now owns 8,415 shares of the shipping company’s stock valued at $75,000 after buying an additional 4,000 shares in the last quarter. PDT Partners LLC bought a new stake in shares of Teekay during the 3rd quarter worth $141,000. Aristides Capital LLC purchased a new position in Teekay in the second quarter worth $180,000. Finally, Point72 Asset Management L.P. increased its stake in Teekay by 124.3% in the second quarter. Point72 Asset Management L.P. now owns 23,100 shares of the shipping company’s stock valued at $207,000 after acquiring an additional 12,800 shares during the last quarter. Institutional investors own 46.73% of the company’s stock.

Teekay Stock Performance

Shares of TK opened at $6.81 on Tuesday. Teekay Co. has a fifty-two week low of $5.98 and a fifty-two week high of $9.95. The firm has a market cap of $625.40 million, a price-to-earnings ratio of 4.54 and a beta of 0.56. The firm has a 50 day moving average price of $7.31 and a 200-day moving average price of $8.08.

Teekay Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. Teekay’s payout ratio is 16.67%.

Teekay Company Profile

(Free Report)

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.

See Also

Want to see what other hedge funds are holding TK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teekay Co. (NYSE:TKFree Report).

Institutional Ownership by Quarter for Teekay (NYSE:TK)

Receive News & Ratings for Teekay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay and related companies with MarketBeat.com's FREE daily email newsletter.