Bogle Investment Management L P De buys $17.7 Million stake in Teekay Corporation (TK)

Teekay Corporation (TK) : Bogle Investment Management L P De scooped up 551,829 additional shares in Teekay Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,893,043 shares of Teekay Corporation which is valued at $17.7 Million.Teekay Corporation makes up approximately 1.22% of Bogle Investment Management L P De’s portfolio.

Other Hedge Funds, Including , Tortoise Capital Advisors L.l.c. added TK to its portfolio by purchasing 12,100 company shares during the most recent quarter which is valued at $112,893.First Trust Advisors Lp boosted its stake in TK in the latest quarter, The investment management firm added 150,477 additional shares and now holds a total of 198,481 shares of Teekay Corporation which is valued at $1.9 Million. Teekay Corporation makes up approx 0.01% of First Trust Advisors Lp’s portfolio. Wfg Advisors Lp sold out all of its stake in TK during the most recent quarter. The investment firm sold 199 shares of TK which is valued $1,857. Geduld E E sold out all of its stake in TK during the most recent quarter. The investment firm sold 30,000 shares of TK which is valued $279,900. Nisa Investment Advisors L.l.c. added TK to its portfolio by purchasing 23,500 company shares during the most recent quarter which is valued at $263,200.

Teekay Corporation opened for trading at $9.63 and hit $10.18 on the upside on Wednesday, eventually ending the session at $10.13, with a gain of 7.31% or 0.69 points. The heightened volatility saw the trading volume jump to 16,54,333 shares. Company has a market cap of $861 M.

On the company’s financial health, Teekay Corporation reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $0.17. The company had revenue of $641.10 million for the quarter, compared to analysts expectations of $619.95 million. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production storage and offloading services primarily under long-term fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors through its subsidiary Teekay LNG Partners L.P. (Teekay LNG). The Company is engaged in the operations in the offshore production storage and transportation sector through its subsidiary Teekay Offshore Partners L.P. (Teekay Offshore) and through its interest in Teekay Petrojarl AS. It is also engaged in the conventional tanker business through its subsidiary Teekay Tankers Ltd. (Teekay Tankers). The Company has four primary lines of business which consist of offshore logistics offshore production liquefied gas carriers and conventional tankers.

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