Allspring Global Investments Holdings LLC Buys 9,436 Shares of Teekay Co. (NYSE:TK)

Allspring Global Investments Holdings LLC boosted its stake in Teekay Co. (NYSE:TK) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,809 shares of the shipping company’s stock after purchasing an additional 9,436 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.13% of Teekay worth $821,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Privium Fund Management UK Ltd bought a new stake in Teekay in the 3rd quarter worth approximately $106,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Teekay during the 3rd quarter valued at $109,000. Stokes Family Office LLC grew its position in shares of Teekay by 13.3% during 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. SG Americas Securities LLC bought a new stake in shares of Teekay during the 3rd quarter valued at $187,000. Finally, Harbor Capital Advisors Inc. grew its position in shares of Teekay by 14.4% during 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. Institutional investors own 46.73% of the company’s stock.

Teekay Trading Up 0.1 %

Shares of TK stock opened at $7.29 on Thursday. Teekay Co. has a 1 year low of $5.01 and a 1 year high of $9.27. The firm has a fifty day moving average price of $7.43 and a 200-day moving average price of $7.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.33 and a quick ratio of 5.03. The company has a market cap of $663.03 million, a price-to-earnings ratio of 4.78 and a beta of 0.63.

Teekay (NYSE:TK) last issued its quarterly earnings data on Thursday, February 22nd. The shipping company reported $0.34 earnings per share (EPS) for the quarter. Teekay had a net margin of 10.28% and a return on equity of 9.07%. The firm 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.