Allspring Global Investments Holdings LLC Raises Stock Position in Teekay Co. (NYSE:TK)

Allspring Global Investments Holdings LLC boosted its position in shares of Teekay Co. (NYSE:TK) by 9.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 114,809 shares of the shipping company’s stock after buying an additional 9,436 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Teekay were worth $821,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Strs Ohio raised its stake in Teekay by 2.6% during the third quarter. Strs Ohio now owns 98,300 shares of the shipping company’s stock worth $606,000 after purchasing an additional 2,500 shares during the period. Stokes Family Office LLC raised its stake in shares of Teekay by 13.3% in the 3rd quarter. Stokes Family Office LLC now owns 21,749 shares of the shipping company’s stock valued at $134,000 after acquiring an additional 2,553 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Teekay by 14.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 44,152 shares of the shipping company’s stock valued at $272,000 after acquiring an additional 5,561 shares during the period. WINTON GROUP Ltd raised its stake in shares of Teekay by 25.1% in the 3rd quarter. WINTON GROUP Ltd now owns 64,640 shares of the shipping company’s stock valued at $399,000 after acquiring an additional 12,987 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of Teekay in the 3rd quarter valued at approximately $106,000. 46.73% of the stock is owned by hedge funds and other institutional investors.

Teekay Price Performance

Teekay stock opened at $7.29 on Thursday. The company’s 50 day simple moving average is $7.43 and its 200-day simple moving average is $7.42. The company has a market capitalization of $663.03 million, a price-to-earnings ratio of 4.78 and a beta of 0.63. Teekay Co. has a 1 year low of $5.01 and a 1 year high of $9.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.03 and a current ratio of 5.33.

Teekay (NYSE:TK) last posted its quarterly earnings results on Thursday, February 22nd. The shipping company reported $0.34 EPS for the quarter. Teekay had a net margin of 10.28% and a return on equity of 9.07%. The company had revenue of $339.19 million during the quarter.

Teekay Company Profile

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.