Teekay Corporation (TK) added to 16 new portfolios

Teekay Corporation (NYSE:TK) produced a 73.15% rally since recording the worst price of $5.14. Thanks to the latest 9.61% increase, it now trades at $8.9. Throughout the trading on 11/09/2017, the share price floated between $8.4 and $9.3. This company shares are -40.11% up from its target price of $5.33 and the current market capitalization stands at $782.13M. The recent change has given its price a 1.48% lead over SMA 50 and -24.38% deficit over its 52-week high. The stock witnessed 0% declines, -6.61% declines and 19.62% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TK’s volatility during a week at 5.76% and during a month it has been found around 3.97%.

Teekay Corporation (TK) Top Holders

Institutional investors currently hold around $223 million or 42.9% in TK stock. Look at its top three institutional owners. Fmr Llc owns $69.88 million in Teekay Corporation, which represents roughly 8.93% of the company’s market cap and approximately 31.34% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 3,228,937 shares of the stock are valued at $26.22 million. The third largest holder is Eagle Global Advisors Llc, which currently holds $13.75 million worth of this stock and that ownership represents nearly 1.76% of its market capitalization.

Teekay Corporation 13F Filings

At the end of 06/30/2017 reporting period, 54 institutional holders increased their position in Teekay Corporation (NYSE:TK) by some 3,075,887 shares, 67 decreased positions by 12,952,876 and 23 held positions by 11,414,844. That puts total institutional holdings at 27,443,607 shares, according to SEC filings. The stock grabbed 16 new institutional investments totaling 747,347 shares while 32 institutional investors sold out their entire positions totaling 6,326,199 shares.

Teekay Corporation (TK) Analyst Guide

Several analysts have released their opinion on Teekay Corporation (NYSE:TK), with 0 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 3.26 average brokerage recommendation.

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