Victory Capital Management Inc. Invests $1.28 Million in Teekay Corporation Ltd. (NYSE:TK)

Victory Capital Management Inc. bought a new position in Teekay Corporation Ltd. (NYSE:TK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 195,386 shares of the shipping company’s stock, valued at approximately $1,284,000.

A number of other institutional investors have also recently modified their holdings of the stock. Legal & General Group Plc grew its stake in shares of Teekay by 17.9% in the fourth quarter. Legal & General Group Plc now owns 11,719 shares of the shipping company’s stock worth $81,000 after acquiring an additional 1,781 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Teekay by 20.9% during the first quarter. New York State Common Retirement Fund now owns 10,425 shares of the shipping company’s stock valued at $68,000 after buying an additional 1,802 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Teekay by 2.2% during the first quarter. SummerHaven Investment Management LLC now owns 95,486 shares of the shipping company’s stock valued at $627,000 after buying an additional 2,014 shares during the last quarter. Barclays PLC boosted its position in shares of Teekay by 3.3% during the fourth quarter. Barclays PLC now owns 82,695 shares of the shipping company’s stock valued at $573,000 after buying an additional 2,649 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Teekay by 68.2% during the first quarter. Parallel Advisors LLC now owns 7,406 shares of the shipping company’s stock valued at $49,000 after buying an additional 3,002 shares during the last quarter. 46.73% of the stock is owned by hedge funds and other institutional investors.

Teekay Price Performance

Teekay stock opened at $7.64 on Thursday. Teekay Corporation Ltd. has a one year low of $5.65 and a one year high of $9.78. The stock has a market capitalization of $701.66 million, a PE ratio of 5.42 and a beta of 0.47. The business’s fifty day moving average is $8.23 and its 200 day moving average is $7.40.

Teekay Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, July 2nd.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Teekay from a “buy” rating to a “hold” rating in a research report on Monday, May 19th.

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.