Allspring Global Investments Holdings LLC grew its position in Teekay Corporation Ltd. (NYSE:TK - Free Report) by 80.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 0.93% of Teekay worth $5,657,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers purchased a new stake in shares of Teekay during the 4th quarter worth $606,000. GAMMA Investing LLC lifted its stake in shares of Teekay by 381.8% during the 1st quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company's stock worth $27,000 after purchasing an additional 3,280 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Teekay by 7.6% during the 4th quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company's stock worth $208,000 after purchasing an additional 2,109 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Teekay during the 4th quarter worth $108,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Teekay during the 4th quarter worth $252,000. 46.73% of the stock is currently owned by hedge funds and other institutional investors.
Teekay Price Performance
Teekay stock traded down $0.14 during midday trading on Tuesday, reaching $7.94. The company's stock had a trading volume of 819,671 shares, compared to its average volume of 806,933. The stock's 50-day simple moving average is $8.32 and its 200-day simple moving average is $7.33. Teekay Corporation Ltd. has a 52-week low of $5.65 and a 52-week high of $9.78. The stock has a market capitalization of $729.21 million, a P/E ratio of 5.63 and a beta of 0.47.
Teekay Dividend Announcement
The company also recently disclosed a -- dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd will be issued a $1.00 dividend. The ex-dividend date is Wednesday, July 2nd.
Analysts Set New Price Targets
Separately, Wall Street Zen cut Teekay from a "buy" rating to a "hold" rating in a research note on Monday, May 19th.
View Our Latest Research Report on Teekay
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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