XTX Topco Ltd Cuts Position in Teekay Corporation Ltd. (NYSE:TK)

XTX Topco Ltd lessened its holdings in Teekay Corporation Ltd. (NYSE:TK) by 81.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,770 shares of the shipping company’s stock after selling 83,282 shares during the period. XTX Topco Ltd’s holdings in Teekay were worth $123,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Teekay by 381.8% in the 1st quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 3,280 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Teekay by 68.2% in the 1st quarter. Parallel Advisors LLC now owns 7,406 shares of the shipping company’s stock valued at $49,000 after purchasing an additional 3,002 shares in the last quarter. New York State Common Retirement Fund increased its stake in Teekay by 20.9% during the 1st quarter. New York State Common Retirement Fund now owns 10,425 shares of the shipping company’s stock worth $68,000 after buying an additional 1,802 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Teekay during the 4th quarter worth approximately $73,000. Finally, PharVision Advisers LLC purchased a new stake in Teekay during the 4th quarter worth approximately $75,000. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Teekay Price Performance

Shares of Teekay stock opened at $7.42 on Friday. The stock has a market cap of $680.99 million, a P/E ratio of 5.26 and a beta of 0.49. The stock’s 50 day simple moving average is $8.01 and its 200-day simple moving average is $7.41. Teekay Corporation Ltd. has a 1-year low of $5.65 and a 1-year high of $9.78.

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.