Charles Schwab Investment Management Inc. Sells 145,004 Shares of Teekay Corporation Ltd. $TK

Charles Schwab Investment Management Inc. lowered its stake in Teekay Corporation Ltd. (NYSE:TK) by 38.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,287 shares of the shipping company’s stock after selling 145,004 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.25% of Teekay worth $1,506,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in Teekay by 381.8% in the first quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company’s stock valued at $27,000 after acquiring an additional 3,280 shares during the period. Parallel Advisors LLC lifted its holdings 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 worth $49,000 after purchasing an additional 3,002 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Teekay by 20.9% in the 1st quarter. New York State Common Retirement Fund now owns 10,425 shares of the shipping company’s stock worth $68,000 after purchasing an additional 1,802 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Teekay in the 4th quarter valued at $73,000. Finally, PharVision Advisers LLC bought a new stake in Teekay during the 4th quarter valued at $75,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Teekay Price Performance

NYSE TK opened at $8.20 on Monday. The company has a fifty day moving average price of $7.80 and a 200-day moving average price of $7.47. The firm has a market cap of $752.63 million, a price-to-earnings ratio of 5.81 and a beta of 0.49. 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.