Simon Heidi Locke Sells 1,000 Shares of Teekay (NYSE:TK) Stock

Teekay Corporation Ltd. (NYSE:TK) Director Simon Heidi Locke sold 1,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $13.64, for a total value of $13,640.00. Following the completion of the sale, the director directly owned 46,001 shares in the company, valued at $627,453.64. This represents a 2.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Simon Heidi Locke also recently made the following trade(s):

• On Thursday, August 20th, Simon Heidi Locke sold 485 shares of Teekay stock. The stock was sold at an average price of $13.24, for a total transaction of $6,421.40.
• On Wednesday, August 19th, Simon Heidi Locke sold 96 shares of Teekay stock. The shares were sold at an average price of $13.19, for a total transaction of $1,266.24.
• On Monday, June 22nd, Simon Heidi Locke sold 18,119 shares of Teekay stock. The stock was sold at an average price of $12.37, for a total transaction of $224,132.03.

Teekay Stock Up 0.2%

NYSE TK opened at $13.20 on Friday. Teekay Corporation Ltd. has a 52 week low of $7.80 and a 52 week high of $14.38. The stock has a market capitalization of $1.15 billion, a PE ratio of 6.35 and a beta of 0.23. The firm has a 50 day moving average of $11.41 and a two-hundred day moving average of $11.96.

Teekay (NYSE:TK) last announced its quarterly earnings data on Friday, July 31st. The shipping company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.68. Teekay had a net margin of 15.78% and a return on equity of 7.91%. During the same period last year, the business posted $0.22 EPS.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Teekay in the first quarter valued at approximately $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Teekay by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,460 shares of the shipping company’s stock worth $213,000 after acquiring an additional 1,404 shares during the last quarter. Millennium Management LLC grew its position in shares of Teekay by 153.8% during the first quarter. Millennium Management LLC now owns 1,188,289 shares of the shipping company’s stock worth $7,807,000 after acquiring an additional 720,093 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Teekay in the 1st quarter valued at $267,000. Finally, Jane Street Group LLC increased its holdings in shares of Teekay by 82.3% in the 1st quarter. Jane Street Group LLC now owns 160,068 shares of the shipping company’s stock valued at $1,052,000 after acquiring an additional 72,240 shares during the period. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on TK shares. Weiss Ratings lowered shares of Teekay from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Wall Street Zen upgraded shares of Teekay from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Teekay presently has a consensus rating of “Hold”.

Teekay Company Profile

Teekay Corporation (NYSE: TK) is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay’s core business is organized into three operating segments.