Balyasny Asset Management L.P. Raises Position in Teekay Co. (NYSE:TK)

Balyasny Asset Management L.P. increased its holdings in shares of Teekay Co. (NYSE:TK) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,176 shares of the shipping company’s stock after buying an additional 4,620 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Teekay were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Teekay during the fourth quarter valued at $27,000. New Age Alpha Advisors LLC acquired a new stake in Teekay during the 4th quarter worth about $56,000. New York State Common Retirement Fund grew its stake in Teekay by 53.4% during the 4th quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock valued at $60,000 after purchasing an additional 3,000 shares during the last quarter. Pinnacle Holdings LLC increased its holdings in shares of Teekay by 100.0% in the fourth quarter. Pinnacle Holdings LLC now owns 10,028 shares of the shipping company’s stock valued at $69,000 after purchasing an additional 5,014 shares during the period. Finally, Denali Advisors LLC purchased a new position in shares of Teekay in the fourth quarter worth about $70,000. 46.73% of the stock is owned by institutional investors and hedge funds.

Teekay Stock Up 2.2%

Teekay stock opened at $8.37 on Monday. The stock has a 50-day moving average price of $6.86 and a 200 day moving average price of $7.02. The company has a market capitalization of $768.67 million, a price-to-earnings ratio of 5.94 and a beta of 0.37. Teekay Co. has a 52 week low of $5.65 and a 52 week high of $9.95.

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

Teekay Announces Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 2nd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. Teekay’s payout ratio is 17.73%.

Teekay 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.