Koss Olinger Consulting LLC Buys Shares of 76,321 Teekay Co. (NYSE:TK)

Koss Olinger Consulting LLC bought a new stake in Teekay Co. (NYSE:TK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 76,321 shares of the shipping company’s stock, valued at approximately $529,000. Koss Olinger Consulting LLC owned about 0.08% of Teekay at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TK. Inspire Advisors LLC raised its position in shares of Teekay by 25.7% during the fourth quarter. Inspire Advisors LLC now owns 92,693 shares of the shipping company’s stock worth $642,000 after acquiring an additional 18,923 shares during the last quarter. Inceptionr LLC bought a new position in shares of Teekay during the fourth quarter worth about $149,000. Bailard Inc. bought a new position in shares of Teekay during the fourth quarter worth about $275,000. Denali Advisors LLC bought a new position in shares of Teekay during the fourth quarter worth about $70,000. Finally, Navellier & Associates Inc. raised its position in shares of Teekay by 65.8% during the fourth quarter. Navellier & Associates Inc. now owns 70,963 shares of the shipping company’s stock worth $492,000 after acquiring an additional 28,151 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors.

Teekay Price Performance

NYSE TK opened at $6.63 on Wednesday. The business has a 50 day simple moving average of $6.96 and a 200 day simple moving average of $7.55. Teekay Co. has a one year low of $5.98 and a one year high of $9.95. The stock has a market capitalization of $608.41 million, a P/E ratio of 4.70 and a beta of 0.56.

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

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.