Barclays PLC Boosts Stake in Teekay Co. (NYSE:TK)

Barclays PLC increased its holdings in shares of Teekay Co. (NYSE:TK) by 267.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,046 shares of the shipping company’s stock after purchasing an additional 58,290 shares during the period. Barclays PLC owned approximately 0.09% of Teekay worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of Teekay by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock worth $49,579,000 after purchasing an additional 176,641 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Teekay by 19.2% during the second quarter. Renaissance Technologies LLC now owns 4,026,075 shares of the shipping company’s stock worth $36,114,000 after purchasing an additional 649,900 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Teekay by 27.2% during the second quarter. American Century Companies Inc. now owns 1,546,328 shares of the shipping company’s stock worth $13,871,000 after purchasing an additional 331,002 shares during the last quarter. 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 worth $7,452,000 after purchasing an additional 19,961 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Teekay by 12.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 378,273 shares of the shipping company’s stock worth $3,480,000 after purchasing an additional 40,528 shares during the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Price Performance

Shares of Teekay stock opened at $7.80 on Thursday. The firm has a fifty day moving average price of $7.15 and a 200 day moving average price of $7.95. Teekay Co. has a 1 year low of $5.98 and a 1 year high of $9.95. The stock has a market cap of $716.32 million, a PE ratio of 5.20 and a beta of 0.54.

Teekay Announces Dividend

The company also recently declared a — dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, December 4th. Teekay’s dividend payout ratio is presently 16.67%.

Teekay 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.