Voya Investment Management LLC Decreases Stock Holdings in Teekay Co. (NYSE:TK)

Voya Investment Management LLC lessened its position in Teekay Co. (NYSE:TK) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,253 shares of the shipping company’s stock after selling 2,370 shares during the quarter. Voya Investment Management LLC’s holdings in Teekay were worth $133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in shares of Teekay by 9.9% during the 4th 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 last quarter. JPMorgan Chase & Co. increased its position in Teekay by 47.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company’s stock worth $7,231,000 after purchasing an additional 338,105 shares during the last quarter. Empowered Funds LLC bought a new stake in Teekay in the fourth quarter worth $4,945,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Teekay by 25.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 474,428 shares of the shipping company’s stock worth $3,333,000 after purchasing an additional 96,155 shares during the period. Finally, Alliancebernstein L.P. grew its position in Teekay by 738.1% in the 4th quarter. Alliancebernstein L.P. now owns 357,890 shares of the shipping company’s stock valued at $2,480,000 after acquiring an additional 315,190 shares during the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Stock Performance

Shares of NYSE TK opened at $8.15 on Thursday. The firm has a market capitalization of $748.46 million, a price-to-earnings ratio of 5.78 and a beta of 0.37. The stock has a 50 day moving average price of $6.78 and a 200 day moving average price of $7.02. Teekay Co. has a 52-week low of $5.65 and a 52-week high of $9.95.

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

Teekay Announces Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. Teekay’s payout ratio is 17.73%.

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.