Inspire Advisors LLC Increases Position in Teekay Co. (NYSE:TK)

Inspire Advisors LLC lifted its position in shares of Teekay Co. (NYSE:TK) by 25.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 92,693 shares of the shipping company’s stock after buying an additional 18,923 shares during the period. Inspire Advisors LLC owned 0.10% of Teekay worth $642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Teekay by 108.8% during 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 last quarter. Nisa Investment Advisors LLC acquired a new position in Teekay during the fourth quarter worth approximately $295,000. MML Investors Services LLC acquired a new position in Teekay during the third quarter worth approximately $100,000. Principal Financial Group Inc. increased its position in Teekay by 23.0% during the third quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company’s stock worth $257,000 after purchasing an additional 5,223 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in 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 worth $60,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Stock Performance

Shares of TK stock opened at $6.21 on Wednesday. Teekay Co. has a one year low of $5.98 and a one year high of $9.95. The company has a 50 day moving average price of $7.03 and a 200 day moving average price of $7.63. The firm has a market capitalization of $569.84 million, a price-to-earnings ratio of 4.40 and a beta of 0.56.

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