Camelot Portfolios LLC Cuts Stake in Teekay Co. (NYSE:TK)

Camelot Portfolios LLC lessened its holdings in shares of Teekay Co. (NYSE:TK) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,000 shares of the shipping company’s stock after selling 5,000 shares during the period. Camelot Portfolios LLC owned approximately 0.12% of Teekay worth $748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in Teekay during the 4th quarter valued at approximately $27,000. New York State Common Retirement Fund increased its position in shares of Teekay by 53.4% in the 4th quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock valued at $60,000 after acquiring an additional 3,000 shares during the period. MML Investors Services LLC acquired a new position in shares of Teekay in the 3rd quarter valued at $100,000. DAVENPORT & Co LLC purchased a new position in Teekay in the 4th quarter worth $80,000. Finally, Stratos Wealth Advisors LLC acquired a new stake in Teekay during the 4th quarter worth about $93,000. 46.73% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Stock Performance

Shares of TK stock opened at $6.72 on Friday. Teekay Co. has a fifty-two week low of $5.98 and a fifty-two week high of $9.95. The firm has a market capitalization of $616.71 million, a PE ratio of 4.76 and a beta of 0.51. The stock’s 50-day simple moving average is $7.01 and its 200-day simple moving average is $7.71.

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

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.