MML Investors Services LLC Purchases New Position in Teekay Co. (NYSE:TK)

MML Investors Services LLC purchased a new position in Teekay Co. (NYSE:TK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,901 shares of the shipping company’s stock, valued at approximately $100,000.

Other large investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd boosted its holdings in shares of Teekay by 885.2% in the 2nd quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company’s stock worth $43,000 after purchasing an additional 4,311 shares during the period. Quarry LP lifted its position in Teekay by 90.6% in the second quarter. Quarry LP now owns 8,415 shares of the shipping company’s stock worth $75,000 after buying an additional 4,000 shares during the last quarter. PDT Partners LLC bought a new stake in Teekay in the third quarter worth $141,000. Aristides Capital LLC purchased a new position in Teekay during the second quarter worth $180,000. Finally, Point72 Asset Management L.P. increased its position in Teekay by 124.3% during the second quarter. Point72 Asset Management L.P. now owns 23,100 shares of the shipping company’s stock valued at $207,000 after acquiring an additional 12,800 shares during the last quarter. 46.73% of the stock is owned by institutional investors.

Teekay Trading Down 0.6 %

Shares of TK opened at $6.71 on Friday. Teekay Co. has a twelve month low of $5.98 and a twelve month high of $9.95. The company’s fifty day simple moving average is $7.38 and its 200-day simple moving average is $8.13. The company has a market cap of $616.22 million, a P/E ratio of 4.47 and a beta of 0.56.

Teekay Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. Teekay’s payout ratio is currently 16.67%.

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.