American Century Companies Inc. lifted its holdings in shares of Teekay Co. (NYSE:TK - Free Report) by 9.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,022,149 shares of the shipping company's stock after purchasing an additional 181,474 shares during the period. American Century Companies Inc. owned 2.20% of Teekay worth $14,013,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in Teekay by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 803,936 shares of the shipping company's stock worth $7,452,000 after buying an additional 19,961 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Teekay during the fourth quarter valued at $4,945,000. JPMorgan Chase & Co. lifted its stake in shares of Teekay by 108.8% during the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company's stock valued at $6,489,000 after acquiring an additional 367,527 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Teekay by 25.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 474,428 shares of the shipping company's stock valued at $3,333,000 after acquiring an additional 96,155 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Teekay in the fourth quarter worth about $975,000. 46.73% of the stock is currently owned by institutional investors and hedge funds.
Teekay Stock Performance
Teekay stock traded down $0.42 during trading hours on Friday, reaching $5.83. 1,558,204 shares of the company's stock traded hands, compared to its average volume of 715,556. Teekay Co. has a fifty-two week low of $5.67 and a fifty-two week high of $9.95. The firm's 50 day moving average is $6.76 and its 200-day moving average is $7.39. The firm has a market capitalization of $534.94 million, a price-to-earnings ratio of 4.13 and a beta of 0.47.
Teekay (NYSE:TK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $161.63 million for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%.
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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