Free Trial

Allspring Global Investments Holdings LLC Has $5.66 Million Position in Teekay Corporation Ltd. (NYSE:TK)

Teekay logo with Energy background

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.

Read More

Institutional Ownership by Quarter for Teekay (NYSE:TK)

Should You Invest $1,000 in Teekay Right Now?

Before you consider Teekay, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teekay wasn't on the list.

While Teekay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines