Teekay Co. (NYSE:TK) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its position in shares of Teekay Co. (NYSE:TK) by 30.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 102,052 shares of the shipping company’s stock after buying an additional 23,562 shares during the quarter. XTX Topco Ltd’s holdings in Teekay were worth $707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its position 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 worth $14,013,000 after purchasing an additional 181,474 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Teekay by 47.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company’s stock valued at $7,231,000 after acquiring an additional 338,105 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Teekay by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 803,936 shares of the shipping company’s stock worth $7,452,000 after acquiring an additional 19,961 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Teekay during the 4th quarter worth approximately $4,945,000. Finally, Allspring Global Investments Holdings LLC increased 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 valued at $3,333,000 after purchasing an additional 96,155 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Stock Up 3.8 %

NYSE:TK opened at $6.64 on Friday. Teekay Co. has a 52 week low of $5.65 and a 52 week high of $9.95. The stock’s fifty day moving average is $6.59 and its two-hundred day moving average is $7.23. The stock has a market capitalization of $609.33 million, a price-to-earnings ratio of 4.71 and a beta of 0.47.

Teekay (NYSE:TK) last announced its earnings results on Wednesday, February 19th. The shipping company reported $0.19 EPS for the quarter. The company 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%.

About Teekay

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.