Nisa Investment Advisors LLC Purchases New Shares in Teekay Co. (NYSE:TK)

Nisa Investment Advisors LLC purchased a new stake in Teekay Co. (NYSE:TKFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 42,609 shares of the shipping company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Teekay by 108.8% during the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock valued at $6,489,000 after purchasing an additional 367,527 shares during the period. PEAK6 Investments LLC boosted its stake in Teekay by 704.1% during the third quarter. PEAK6 Investments LLC now owns 55,253 shares of the shipping company’s stock worth $508,000 after buying an additional 64,399 shares during the period. Barclays PLC increased its position in Teekay by 267.9% during the third quarter. Barclays PLC now owns 80,046 shares of the shipping company’s stock valued at $736,000 after acquiring an additional 58,290 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of Teekay in the third quarter valued at $531,000. Finally, Cetera Investment Advisers boosted its position in shares of Teekay by 47.9% during the second quarter. Cetera Investment Advisers now owns 176,707 shares of the shipping company’s stock valued at $1,585,000 after buying an additional 57,242 shares during the period. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Stock Performance

TK opened at $7.04 on Thursday. The stock has a market cap of $646.09 million, a price-to-earnings ratio of 4.69 and a beta of 0.54. Teekay Co. has a one year low of $5.98 and a one year high of $9.95. The stock’s 50 day moving average price is $6.98 and its 200-day moving average price is $7.85.

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.

Further Reading

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Institutional Ownership by Quarter for Teekay (NYSE:TK)

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