Inceptionr LLC Makes New Investment in Teekay Co. (NYSE:TK)

Inceptionr LLC bought a new position in Teekay Co. (NYSE:TK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,451 shares of the shipping company’s stock, valued at approximately $149,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Teekay by 108.8% in the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock worth $6,489,000 after purchasing an additional 367,527 shares during the period. Nisa Investment Advisors LLC purchased a new stake in Teekay in the fourth quarter worth $295,000. MML Investors Services LLC purchased a new position in shares of Teekay during the third quarter valued at $100,000. Principal Financial Group Inc. increased its stake in shares of Teekay by 23.0% during the third quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company’s stock valued at $257,000 after buying an additional 5,223 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Teekay by 53.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock valued at $60,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Trading Down 4.3 %

Shares of Teekay stock opened at $6.37 on Tuesday. The firm has a market cap of $584.54 million, a P/E ratio of 4.51 and a beta of 0.56. Teekay Co. has a 12 month low of $5.98 and a 12 month high of $9.95. The stock’s fifty day moving average price is $7.04 and its 200-day moving average price is $7.64.

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

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.