Semanteon Capital Management LP Makes New Investment in Teekay Co. (NYSE:TK)

Semanteon Capital Management LP bought a new position in shares of Teekay Co. (NYSE:TK) in the 4th quarter, Holdings Channel reports. The fund bought 43,834 shares of the shipping company’s stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TK. DGS Capital Management LLC purchased a new position in Teekay in the fourth quarter worth $86,000. Privium Fund Management UK Ltd purchased a new stake in Teekay in the 3rd quarter valued at approximately $106,000. Stokes Family Office LLC increased its position in Teekay by 13.3% during the third quarter. Stokes Family Office LLC now owns 21,749 shares of the shipping company’s stock worth $134,000 after buying an additional 2,553 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Teekay in the third quarter worth $187,000. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Teekay by 14.4% in the third quarter. Harbor Capital Advisors Inc. now owns 44,152 shares of the shipping company’s stock valued at $272,000 after acquiring an additional 5,561 shares in the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Stock Up 2.0 %

Shares of NYSE TK opened at $7.50 on Friday. Teekay Co. has a 1 year low of $5.01 and a 1 year high of $9.27. The firm has a market cap of $681.67 million, a P/E ratio of 4.90 and a beta of 0.63. The firm’s 50 day moving average price is $7.37 and its 200 day moving average price is $7.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.03 and a current ratio of 5.33.

Teekay (NYSE:TK) last released its quarterly earnings data on Thursday, February 22nd. The shipping company reported $0.34 EPS for the quarter. The company had revenue of $339.19 million for the quarter. Teekay had a return on equity of 9.07% and a net margin of 10.28%.

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.