Connor Clark & Lunn Investment Management Ltd. Grows Stake in Teekay Co. (NYSE:TK)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Teekay Co. (NYSE:TK – Get Rating) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 396,236 shares of the shipping company’s stock after acquiring an additional 41,509 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.39% of Teekay worth $1,799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Teekay by 27.4% in the 1st quarter. American Century Companies Inc. now owns 257,271 shares of the shipping company’s stock valued at $816,000 after purchasing an additional 55,341 shares during the last quarter. Rhumbline Advisers increased its holdings in Teekay by 6.7% in the 1st quarter. Rhumbline Advisers now owns 76,477 shares of the shipping company’s stock valued at $242,000 after purchasing an additional 4,795 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Teekay by 18.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 461,252 shares of the shipping company’s stock valued at $1,462,000 after purchasing an additional 70,878 shares during the last quarter. XTX Topco Ltd increased its holdings in Teekay by 27.7% in the 1st quarter. XTX Topco Ltd now owns 31,798 shares of the shipping company’s stock valued at $101,000 after purchasing an additional 6,907 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Teekay by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 307,278 shares of the shipping company’s stock valued at $975,000 after purchasing an additional 9,742 shares during the last quarter. 20.50% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Teekay from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th.

Teekay Stock Performance

Shares of TK stock opened at $5.86 on Tuesday. The company has a quick ratio of 3.56, a current ratio of 3.87 and a debt-to-equity ratio of 0.21. Teekay Co. has a 52 week low of $2.54 and a 52 week high of $6.75. The stock has a market capitalization of $576.16 million, a PE ratio of 4.76 and a beta of 0.79. The firm has a 50 day moving average of $5.88 and a two-hundred day moving average of $5.23.

Teekay Company Profile

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Teekay Corp. provides international crude oil and other marine transportation services. Its lines of business include offshore production (FPSO units) and conventional tankers. The firm operates through the following segments: Teekay Parent and Teekay Tankers. The Teekay Parent owns floating production, storage, and offloading (FPSO) units and a minority investment in Tanker Investments Ltd.

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