Creative Planning now owns 21,500 shares of the shipping company's stock valued at $197,000 after buying an additional 18,135 shares during the period. Gotham Asset Management LLC owned approximately 0.21% of Teekay Corporation worth $1,653,000 as of its most recent filing with the SEC.
Several large investors have recently made changes to their positions in TK. Brookfield Asset Management Inc. purchased a new position in shares of Teekay Offshore Partners L.P. during the first quarter worth approximately $238,000.
On the other hand the company has Relative Strength Index (RSI 14) of 54.51 along with Average True Range (ATR 14) of 0.26, Consequently Teekay Offshore Partners LP (NYSE:TOO)'s weekly and monthly volatility is 8.43%, 11.05% respectively. State Street Corp increased its stake in Teekay Corporation by 50.3% in the fourth quarter. Teachers Advisors LLC now owns 92,892 shares of the shipping company's stock worth $746,000 after buying an additional 7,754 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Teekay Corporation by 10.6% in the first quarter. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Finally, Highbridge Capital Management LLC bought a new position in Teekay Corporation during the fourth quarter worth $696,000.
The stock of Teekay Corporation (NYSE:TK) is a huge mover today! For the current year the company's revenue estimates are $1.1 Billion compared to low analyst estimates of $1.03 Billion and high estimates of $1.17 Billion according to the prediction of 4 analysts. The stock's market capitalization is $672.82 million. Teekay Corporation (NYSE:TK) has declined 28.54% since July 3, 2016 and is downtrending. (NASDAQ:CBSH) to report $0.70 EPS on July, 12.They anticipate $0.03 EPS change or 4.48% from last quarter's $0.67 EPS. The analysts estimated sales for the higher end at 526.33 million and lower end at 498.31 million while the year ago reported sale was 645.36 million. Teekay Corporation had a negative net margin of 5.36% and a negative return on equity of 1.86%. The business's revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. On average, equities analysts forecast that Teekay Corporation will post ($0.82) EPS for the current year.
Qatar Airways says it is exempt from USA laptop ban
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Several hedge funds have recently modified their holdings of the stock. Jefferies initiated the shares of TGP in report on Tuesday, September 13 with "Hold" rating. Zacks Investment Research raised shares of Teekay Corporation from a "sell" rating to a "hold" rating in a research note on Wednesday, April 26th. Royal Bank Of Canada reissued a "hold" rating on shares of Teekay Corporation in a report on Tuesday, May 9th. Morgan Stanley downgraded Teekay Corporation from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $8.00 to $3.00 in a research note on Friday, June 9th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Price Target plays a critical role when it comes to the analysis of a Stock.
Teekay LNG Partners L.P.is an worldwide provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil.