Rhumbline Advisers Sells 4,997 Shares of Teekay Corporation Ltd. $TK

Rhumbline Advisers decreased its position in shares of Teekay Corporation Ltd. (NYSE:TK) by 4.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 113,432 shares of the shipping company’s stock after selling 4,997 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Teekay worth $745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Teekay by 381.8% during the 1st quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company’s stock worth $27,000 after acquiring an additional 3,280 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Teekay during the 1st quarter worth $48,000. Parallel Advisors LLC boosted its stake in 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 during the period. Virtus Advisers LLC bought a new position in Teekay in the 1st quarter worth about $59,000. Finally, New York State Common Retirement Fund boosted its stake in 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 during the period. Institutional investors own 46.73% of the company’s stock.

Teekay Stock Down 1.2%

Shares of NYSE TK opened at $8.57 on Monday. Teekay Corporation Ltd. has a 52 week low of $5.65 and a 52 week high of $9.78. The business has a 50-day simple moving average of $7.90 and a two-hundred day simple moving average of $7.65. The company has a market cap of $787.07 million, a P/E ratio of 6.08 and a beta of 0.49.

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.