Vontobel Holding Ltd. Has $283,000 Holdings in Teekay Co. (NYSE:TK)

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

A number of other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC grew its position in shares of Teekay by 54.2% in the third quarter. Acadian Asset Management LLC now owns 1,187,635 shares of the shipping company’s stock valued at $7,324,000 after purchasing an additional 417,229 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Teekay in the third quarter valued at approximately $1,959,000. O Shaughnessy Asset Management LLC grew its position in shares of Teekay by 52.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 647,618 shares of the shipping company’s stock valued at $3,996,000 after purchasing an additional 223,025 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Teekay by 191.0% in the third 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 during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Teekay in the fourth quarter valued at approximately $406,000. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Trading Up 0.8 %

Shares of NYSE:TK opened at $7.28 on Wednesday. The company 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 1 year low of $5.01 and a 1 year high of $9.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.33 and a quick ratio of 5.03. The business’s 50 day simple moving average is $7.44 and its 200 day simple moving average is $7.41.

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

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.