Allspring Global Investments Holdings LLC lifted its holdings in Teekay Corporation Ltd. (NYSE:TK - Free Report) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,022,986 shares of the shipping company's stock after purchasing an additional 164,561 shares during the period. Allspring Global Investments Holdings LLC owned about 1.11% of Teekay worth $8,470,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new position in Teekay during the first quarter worth approximately $4,758,000. Millennium Management LLC raised its holdings in shares of Teekay by 153.8% in the 1st quarter. Millennium Management LLC now owns 1,188,289 shares of the shipping company's stock valued at $7,807,000 after buying an additional 720,093 shares during the period. Nuveen LLC acquired a new stake in shares of Teekay during the first quarter worth about $3,242,000. Victory Capital Management Inc. acquired a new stake in shares of Teekay in the first quarter valued at $1,284,000. Finally, American Century Companies Inc. raised its holdings in Teekay by 5.5% in the first quarter. American Century Companies Inc. now owns 2,132,960 shares of the shipping company's stock valued at $14,014,000 after acquiring an additional 110,811 shares in the last quarter. 46.73% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Teekay in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Teekay has a consensus rating of "Sell".
View Our Latest Stock Report on TK
Teekay Price Performance
Shares of NYSE:TK opened at $8.43 on Monday. The firm has a market capitalization of $774.21 million, a price-to-earnings ratio of 5.98 and a beta of 0.42. Teekay Corporation Ltd. has a 12 month low of $5.65 and a 12 month high of $9.35. The business's 50 day simple moving average is $8.17 and its 200-day simple moving average is $7.89.
Teekay 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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