Allspring Global Investments Holdings LLC raised its holdings in shares of Teekay Co. (NYSE:TK - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 474,428 shares of the shipping company's stock after acquiring an additional 96,155 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.52% of Teekay worth $3,333,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Teekay in the fourth quarter worth about $27,000. MML Investors Services LLC purchased a new position in Teekay in the third quarter worth about $100,000. DAVENPORT & Co LLC purchased a new position in Teekay in the fourth quarter worth about $80,000. Stratos Wealth Advisors LLC purchased a new position in Teekay in the fourth quarter worth about $93,000. Finally, Savant Capital LLC purchased a new position in Teekay in the fourth quarter worth about $95,000. 46.73% of the stock is owned by institutional investors.
Teekay Stock Up 1.4 %
TK traded up $0.10 on Monday, hitting $6.81. The company had a trading volume of 950,284 shares, compared to its average volume of 677,859. Teekay Co. has a 12-month low of $5.98 and a 12-month high of $9.95. The business's fifty day simple moving average is $7.02 and its 200 day simple moving average is $7.71. The company has a market cap of $624.94 million, a PE ratio of 4.83 and a beta of 0.51.
Teekay (NYSE:TK - Get Free Report) last announced its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%. The business had revenue of $161.63 million during the quarter.
Teekay Company Profile
(
Free Report)
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.
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