American Century Companies Inc. Purchases 181,474 Shares of Teekay Co. (NYSE:TK)

American Century Companies Inc. lifted its holdings in shares of Teekay Co. (NYSE:TK - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,022,149 shares of the shipping company's stock after buying an additional 181,474 shares during the period. American Century Companies Inc. owned approximately 2.20% of Teekay worth $14,013,000 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. R Squared Ltd acquired a new position in shares of Teekay in the 4th quarter valued at $27,000. New York State Common Retirement Fund raised its stake in shares of Teekay by 53.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company's stock valued at $60,000 after purchasing an additional 3,000 shares in the last quarter. Denali Advisors LLC bought a new stake in Teekay in the fourth quarter valued at $70,000. DAVENPORT & Co LLC bought a new position in shares of Teekay in the fourth quarter valued at approximately $80,000. Finally, Stratos Wealth Advisors LLC acquired a new position in Teekay during the 4th quarter worth $93,000. Institutional investors own 46.73% of the company's stock.

Teekay Stock Performance

TK traded down $0.30 during midday trading on Thursday, reaching $6.25. 752,115 shares of the company were exchanged, compared to its average volume of 711,307. The stock's 50-day simple moving average is $6.78 and its 200 day simple moving average is $7.43. Teekay Co. has a one year low of $5.98 and a one year high of $9.95. The stock has a market capitalization of $573.52 million, a P/E ratio of 4.43 and a beta of 0.56.

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Teekay (NYSE:TK - Get Free Report) last released its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. The business had revenue of $161.63 million during the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.

Teekay Profile

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.