Teekay Co. (NYSE:TK) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in Teekay Co. (NYSE:TK) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 523,762 shares of the shipping company’s stock after selling 13,247 shares during the quarter. Sei Investments Co. owned 0.58% of Teekay worth $4,698,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of Teekay by 19.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,026,075 shares of the shipping company’s stock valued at $36,114,000 after acquiring an additional 649,900 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Teekay in the fourth quarter valued at approximately $3,673,000. American Century Companies Inc. raised its holdings in Teekay by 27.2% during the second quarter. American Century Companies Inc. now owns 1,546,328 shares of the shipping company’s stock worth $13,871,000 after purchasing an additional 331,002 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Teekay by 210.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 337,745 shares of the shipping company’s stock worth $3,030,000 after buying an additional 228,856 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Teekay by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock worth $49,579,000 after buying an additional 176,641 shares during the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

Teekay Stock Performance

TK opened at $9.21 on Wednesday. The stock has a market capitalization of $837.65 million, a P/E ratio of 5.75 and a beta of 0.59. Teekay Co. has a one year low of $5.70 and a one year high of $9.95. The business’s 50-day simple moving average is $8.26 and its 200-day simple moving average is $8.30.

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

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.