Teekay Co. (NYSE:TK) Shares Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd boosted its stake in Teekay Co. (NYSE:TK) by 885.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,798 shares of the shipping company’s stock after acquiring an additional 4,311 shares during the period. Point72 DIFC Ltd’s holdings in Teekay were worth $43,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its position in Teekay by 135.2% during the 2nd quarter. CWM LLC now owns 3,391 shares of the shipping company’s stock worth $30,000 after buying an additional 1,949 shares during the last quarter. DGS Capital Management LLC lifted its position in Teekay by 24.6% in the first quarter. DGS Capital Management LLC now owns 14,974 shares of the shipping company’s stock valued at $109,000 after purchasing an additional 2,958 shares during the period. Diversified Trust Co boosted its holdings in Teekay by 16.4% in the 2nd quarter. Diversified Trust Co now owns 14,211 shares of the shipping company’s stock valued at $127,000 after purchasing an additional 2,004 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Teekay by 604.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 17,600 shares of the shipping company’s stock worth $128,000 after purchasing an additional 15,100 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Teekay by 10.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,814 shares of the shipping company’s stock worth $130,000 after buying an additional 1,747 shares in the last quarter. 46.73% of the stock is owned by hedge funds and other institutional investors.

Teekay Stock Performance

Shares of NYSE TK opened at $9.27 on Monday. Teekay Co. has a one year low of $5.70 and a one year high of $9.95. The firm has a market capitalization of $843.10 million, a P/E ratio of 5.72 and a beta of 0.59. The company’s fifty day moving average is $8.25 and its two-hundred day moving average is $8.28.

Teekay (NYSE:TK) last released its quarterly earnings data on Thursday, August 1st. The shipping company reported $0.35 EPS for the quarter. Teekay had a net margin of 11.18% and a return on equity of 7.03%. The firm had revenue of $326.14 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Teekay from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 28th.

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.