Envestnet Asset Management Inc. Takes $696,000 Position in Teekay Co. (NYSE:TK)

Envestnet Asset Management Inc. purchased a new stake in Teekay Co. (NYSE:TK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 100,372 shares of the shipping company’s stock, valued at approximately $696,000. Envestnet Asset Management Inc. owned 0.11% of Teekay as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in Teekay in the 4th quarter valued at $27,000. New Age Alpha Advisors LLC bought a new position in shares of Teekay during the 4th quarter worth approximately $56,000. New York State Common Retirement Fund boosted its stake in shares of 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 buying an additional 3,000 shares during the last quarter. Denali Advisors LLC bought a new position in shares of Teekay in the fourth quarter valued at approximately $70,000. Finally, DAVENPORT & Co LLC bought a new stake in Teekay during the fourth quarter worth $80,000. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Stock Performance

Shares of NYSE:TK opened at $7.61 on Friday. The company’s 50-day moving average is $6.57 and its 200 day moving average is $7.04. Teekay Co. has a fifty-two week low of $5.65 and a fifty-two week high of $9.95. The company has a market capitalization of $698.87 million, a P/E ratio of 5.40 and a beta of 0.47.

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

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.