Savant Capital LLC Buys New Shares in Teekay Co. (NYSE:TK)

Savant Capital LLC bought a new stake in Teekay Co. (NYSE:TK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,700 shares of the shipping company’s stock, valued at approximately $95,000.

Several other institutional investors have also recently made changes to their positions in TK. R Squared Ltd acquired a new position in shares of Teekay during the fourth quarter valued at about $27,000. DAVENPORT & Co LLC acquired a new position in shares of Teekay during the fourth quarter valued at about $80,000. Stratos Wealth Advisors LLC acquired a new position in shares of Teekay during the fourth quarter valued at about $93,000. MML Investors Services LLC acquired a new position in shares of Teekay during the third quarter valued at about $100,000. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Teekay during the fourth quarter valued at about $104,000. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Trading Down 0.6 %

Shares of NYSE TK opened at $6.98 on Thursday. The firm’s 50-day moving average price is $6.99 and its 200-day moving average price is $7.72. Teekay Co. has a 1-year low of $5.98 and a 1-year high of $9.95. The firm has a market capitalization of $640.58 million, a P/E ratio of 4.65 and a beta of 0.51.

Teekay (NYSE:TK) last posted its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. Teekay had a net margin of 11.05% and a return on equity of 6.56%.

Teekay Company Profile

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.