Nisa Investment Advisors LLC Sells 32,009 Shares of Teekay Corporation Ltd. (NYSE:TK)

Nisa Investment Advisors LLC trimmed its position in shares of Teekay Corporation Ltd. (NYSE:TK) by 75.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,600 shares of the shipping company’s stock after selling 32,009 shares during the period. Nisa Investment Advisors LLC’s holdings in Teekay were worth $70,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. raised its position in Teekay by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company’s stock valued at $14,013,000 after purchasing an additional 181,474 shares during the period. Bridgeway Capital Management LLC increased its position in shares of Teekay by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,877,818 shares of the shipping company’s stock valued at $13,013,000 after purchasing an additional 34,681 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Teekay by 47.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company’s stock valued at $7,231,000 after buying an additional 338,105 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Teekay by 80.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 858,425 shares of the shipping company’s stock worth $5,657,000 after buying an additional 383,997 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in Teekay during the fourth quarter worth $3,245,000. 46.73% of the stock is currently owned by institutional investors.

Teekay Price Performance

Teekay stock opened at $7.59 on Friday. The firm has a market capitalization of $697.07 million, a P/E ratio of 5.38 and a beta of 0.47. Teekay Corporation Ltd. has a 1-year low of $5.65 and a 1-year high of $9.78. The company’s 50-day moving average is $8.32 and its 200 day moving average is $7.37.

Teekay Dividend Announcement

The firm also recently declared a — dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Teekay from a “buy” rating to a “hold” rating in a research note on Monday, May 19th.

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.