Schonfeld Strategic Advisors LLC Buys New Position in Teekay Co. (NYSE:TK)

Schonfeld Strategic Advisors LLC bought a new stake in Teekay Co. (NYSE:TK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,400 shares of the shipping company’s stock, valued at approximately $218,000.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Teekay by 108.8% in the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock valued at $6,489,000 after acquiring an additional 367,527 shares during the period. Nisa Investment Advisors LLC bought a new stake in Teekay in the 4th quarter valued at $295,000. New York State Common Retirement Fund grew its position in Teekay by 53.4% in the 4th quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock worth $60,000 after purchasing an additional 3,000 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Teekay by 7.6% during the 4th quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company’s stock worth $208,000 after purchasing an additional 2,109 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of Teekay during the fourth quarter valued at about $108,000. 46.73% of the stock is owned by institutional investors.

Teekay Stock Performance

NYSE TK opened at $8.15 on Wednesday. Teekay Co. has a twelve month low of $5.65 and a twelve month high of $9.95. The stock has a market cap of $748.46 million, a PE ratio of 5.78 and a beta of 0.37. The firm has a 50-day simple moving average of $6.75 and a 200 day simple moving average of $7.01.

Teekay (NYSE:TK) last posted its quarterly earnings results on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%. The firm had revenue of $161.63 million during the quarter.

Teekay Dividend Announcement

The company also recently announced a — dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd will be given a $1.00 dividend. The ex-dividend date is Wednesday, July 2nd. Teekay’s dividend payout ratio (DPR) is currently 17.73%.

About Teekay

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.