Key Points
- Teekay CFO Brody Speers sold 2,350 shares at an average price of $13.10, generating $30,785. Following the transaction, he owned 1,014 shares directly—a 69.86% reduction in his holdings.
- Teekay reported quarterly EPS of $0.79, surpassing analysts’ $0.11 consensus estimate. The stock opened at $13.16, with a $1.14 billion market capitalization and a 12-month trading range of $7.51 to $14.38.
- Analyst sentiment remains broadly positive, with Teekay carrying an average “Buy” rating despite one downgrade to “Hold”; institutional investors own approximately 46.73% of the company.
Teekay Corporation Ltd. (NYSE:TK - Get Free Report) CFO Brody Speers sold 2,350 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $13.10, for a total value of $30,785.00. Following the transaction, the chief financial officer directly owned 1,014 shares in the company, valued at $13,283.40. The trade was a 69.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Brody Speers also recently made the following trade(s):
- On Thursday, June 11th, Brody Speers sold 5,500 shares of Teekay stock. The stock was sold at an average price of $12.15, for a total value of $66,825.00.
Teekay Stock Up 1.4%
TK stock opened at $13.16 on Thursday. The firm has a market capitalization of $1.14 billion, a PE ratio of 6.33 and a beta of 0.23. Teekay Corporation Ltd. has a twelve month low of $7.51 and a twelve month high of $14.38. The stock's 50 day moving average is $11.37 and its 200-day moving average is $11.93.
Teekay (NYSE:TK - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The shipping company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.68. Teekay had a return on equity of 7.91% and a net margin of 15.78%.During the same period last year, the company posted $0.22 earnings per share.
Analysts Set New Price Targets
Several research analysts have weighed in on TK shares. Wall Street Zen cut Teekay from a "buy" rating to a "hold" rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Teekay from a "hold (c-)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Teekay presently has an average rating of "Buy".
Get Our Latest Stock Report on TK
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Teekay during the second quarter valued at about $33,000. Transamerica Financial Advisors LLC lifted its stake in shares of Teekay by 250.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 4,378 shares of the shipping company's stock valued at $40,000 after buying an additional 3,130 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Teekay in the 4th quarter worth approximately $43,000. Cubist Systematic Strategies LLC purchased a new position in Teekay in the 1st quarter valued at approximately $48,000. Finally, CWM LLC raised its holdings in Teekay by 34.2% during the 4th quarter. CWM LLC now owns 5,684 shares of the shipping company's stock valued at $51,000 after acquiring an additional 1,449 shares during the period. Institutional investors own 46.73% of the company's stock.
Teekay Company Profile
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Get Free Report)
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.
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