Vontobel Holding Ltd. Sells 4,520 Shares of Teekay Co. (NYSE:TK)

Vontobel Holding Ltd. trimmed its holdings in shares of Teekay Co. (NYSE:TK) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,607 shares of the shipping company’s stock after selling 4,520 shares during the period. Vontobel Holding Ltd.’s holdings in Teekay were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TK. SG Americas Securities LLC acquired a new stake in Teekay during the 3rd quarter valued at $187,000. Counterpoint Mutual Funds LLC acquired a new stake in Teekay during the 3rd quarter valued at $109,000. Harbor Capital Advisors Inc. increased its holdings in Teekay by 14.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 44,152 shares of the shipping company’s stock valued at $272,000 after purchasing an additional 5,561 shares in the last quarter. Strs Ohio increased its holdings in Teekay by 2.6% during the 3rd quarter. Strs Ohio now owns 98,300 shares of the shipping company’s stock valued at $606,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in Teekay by 191.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 271,110 shares of the shipping company’s stock valued at $1,673,000 after purchasing an additional 177,930 shares in the last quarter. 46.73% of the stock is owned by institutional investors and hedge funds.

Teekay Stock Up 0.8 %

NYSE TK opened at $7.28 on Wednesday. The stock has a fifty day moving average of $7.44 and a 200-day moving average of $7.41. The stock has a market capitalization of $661.66 million, a P/E ratio of 4.75 and a beta of 0.63. Teekay Co. has a 52 week low of $5.01 and a 52 week high of $9.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.03 and a current ratio of 5.33.

Teekay (NYSE:TK) last released its earnings results on Thursday, February 22nd. The shipping company reported $0.34 EPS for the quarter. The company had revenue of $339.19 million during the quarter. Teekay had a return on equity of 9.07% and a net margin of 10.28%.

Teekay 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.