Allspring Global Investments Holdings LLC boosted its holdings in Teekay Corporation Ltd. (NYSE:TK - Free Report) by 80.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 858,425 shares of the shipping company's stock after buying an additional 383,997 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.93% of Teekay worth $5,657,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Teekay by 381.8% during the 1st quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company's stock valued at $27,000 after purchasing an additional 3,280 shares during the period. Parallel Advisors LLC increased its position in Teekay by 68.2% during the 1st quarter. Parallel Advisors LLC now owns 7,406 shares of the shipping company's stock valued at $49,000 after purchasing an additional 3,002 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Teekay during the 4th quarter valued at approximately $56,000. Pinnacle Holdings LLC increased its position in Teekay by 100.0% during the 4th quarter. Pinnacle Holdings LLC now owns 10,028 shares of the shipping company's stock valued at $69,000 after purchasing an additional 5,014 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in Teekay during the 4th quarter valued at approximately $73,000. Institutional investors own 46.73% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Teekay from a "buy" rating to a "hold" rating in a research report on Monday, May 19th.
Read Our Latest Analysis on TK
Teekay Stock Performance
Shares of TK stock traded down $0.35 during trading hours on Wednesday, hitting $7.59. 754,188 shares of the company were exchanged, compared to its average volume of 808,382. The firm has a market cap of $697.07 million, a P/E ratio of 5.38 and a beta of 0.47. Teekay Corporation Ltd. has a fifty-two week low of $5.65 and a fifty-two week high of $9.78. The company has a 50 day simple moving average of $8.33 and a two-hundred day simple moving average of $7.33.
Teekay Dividend Announcement
The business also recently disclosed a -- dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 2nd.
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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