Teekay Co. (NYSE:TK) Stock Holdings Increased by Alliancebernstein L.P.

Alliancebernstein L.P. raised its position in shares of Teekay Co. (NYSE:TK) by 738.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357,890 shares of the shipping company’s stock after buying an additional 315,190 shares during the quarter. Alliancebernstein L.P. owned about 0.39% of Teekay worth $2,480,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of Teekay by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company’s stock valued at $14,013,000 after acquiring an additional 181,474 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Teekay by 47.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company’s stock valued at $7,231,000 after purchasing an additional 338,105 shares during the period. Geode Capital Management LLC raised its holdings in shares of Teekay by 2.5% during the third quarter. Geode Capital Management LLC now owns 803,936 shares of the shipping company’s stock valued at $7,452,000 after buying an additional 19,961 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Teekay during the fourth quarter worth approximately $4,945,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Teekay by 25.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 474,428 shares of the shipping company’s stock worth $3,333,000 after buying an additional 96,155 shares in the last quarter. Institutional investors own 46.73% of the company’s stock.

Teekay Stock Performance

Shares of TK opened at $6.42 on Thursday. Teekay Co. has a one year low of $5.65 and a one year high of $9.95. The stock’s fifty day moving average is $6.60 and its 200-day moving average is $7.23. The firm has a market capitalization of $589.59 million, a price-to-earnings ratio of 4.55 and a beta of 0.47.

Teekay (NYSE:TK) last announced its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. The business had revenue of $161.63 million during the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%.

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.