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Panagora Asset Management Inc. Grows Position in Teekay Corporation Ltd. $TK

Written by MarketBeat
Updated September 5, 2025
Teekay logo with Energy background

Key Points

  • Panagora Asset Management Inc. increased its stake in Teekay Corporation Ltd. by 7.6%, owning 467,205 shares worth approximately $3.07 million as of the latest reporting period.
  • Several institutional investors have also increased their holdings in Teekay, with notable changes including a 20.9% increase from the New York State Common Retirement Fund.
  • Teekay's current stock price is $8.20, with a market capitalization of $752.63 million and a recent rating adjustment from "buy" to "hold" by Wall Street Zen.
  • Five stocks to consider instead of Teekay.

Panagora Asset Management Inc. boosted its holdings in Teekay Corporation Ltd. (NYSE:TK - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467,205 shares of the shipping company's stock after purchasing an additional 32,927 shares during the quarter. Panagora Asset Management Inc. owned about 0.51% of Teekay worth $3,070,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TK. Pacer Advisors Inc. acquired a new stake in shares of Teekay in the first quarter valued at about $4,758,000. Nuveen LLC acquired a new stake in Teekay during the first quarter worth about $3,242,000. Millennium Management LLC purchased a new position in Teekay in the fourth quarter valued at approximately $3,245,000. Allspring Global Investments Holdings LLC boosted its holdings in Teekay by 80.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 858,425 shares of the shipping company's stock worth $5,657,000 after acquiring an additional 383,997 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Teekay during the first quarter worth approximately $1,284,000. Hedge funds and other institutional investors own 46.73% of the company's stock.

Teekay Trading Up 1.8%

NYSE TK traded up $0.15 on Friday, reaching $8.40. The company's stock had a trading volume of 497,087 shares, compared to its average volume of 777,808. The firm has a market cap of $771.51 million, a PE ratio of 5.96 and a beta of 0.49. Teekay Corporation Ltd. has a 52 week low of $5.65 and a 52 week high of $9.78. The business has a 50-day moving average price of $7.76 and a 200 day moving average price of $7.50.

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 Report on Teekay

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.

Featured Articles

Institutional Ownership by Quarter for Teekay (NYSE:TK)

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