Bank of New York Mellon Corp Has $867,000 Position in Teekay Co. (NYSE:TK)

Bank of New York Mellon Corp cut its holdings in Teekay Co. (NYSE:TK) by 5.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 125,123 shares of the shipping company’s stock after selling 6,661 shares during the quarter. Bank of New York Mellon Corp’s holdings in Teekay were worth $867,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in shares of Teekay by 23.0% during the 3rd quarter. Principal Financial Group Inc. now owns 27,903 shares of the shipping company’s stock worth $257,000 after acquiring an additional 5,223 shares in the last quarter. FMR LLC lifted its holdings in Teekay by 296.1% in the 3rd quarter. FMR LLC now owns 73,797 shares of the shipping company’s stock worth $679,000 after purchasing an additional 55,167 shares during the last quarter. PEAK6 Investments LLC boosted its position in Teekay by 704.1% during the third quarter. PEAK6 Investments LLC now owns 55,253 shares of the shipping company’s stock worth $508,000 after purchasing an additional 64,399 shares during the period. Verition Fund Management LLC grew its holdings in Teekay by 209.4% during the third quarter. Verition Fund Management LLC now owns 59,291 shares of the shipping company’s stock valued at $545,000 after purchasing an additional 40,126 shares during the last quarter. Finally, PDT Partners LLC bought a new position in shares of Teekay in the third quarter valued at approximately $141,000. 46.73% of the stock is owned by institutional investors.

Teekay Trading Down 1.3 %

Shares of Teekay stock opened at $6.58 on Wednesday. Teekay Co. has a 1-year low of $5.98 and a 1-year high of $9.95. The firm has a fifty day simple moving average of $6.91 and a 200-day simple moving average of $7.52. The stock has a market capitalization of $604.28 million, a price-to-earnings ratio of 4.67 and a beta of 0.56.

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

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.