American Century Companies Inc. Raises Position in Teekay Co. (NYSE:TK)

American Century Companies Inc. raised its holdings in shares of Teekay Co. ( NYSE:TK – Free Report ) by 9.

9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,022,149 shares of the shipping company’s stock after acquiring an additional 181,474 shares during the period.



American Century Companies Inc.’s holdings in Teekay were worth $14,013,000 at the end of the most recent reporting period. A number of other institutional investors have also added to or reduced their stakes in TK.

R Squared Ltd purchased a new position in shares of Teekay during the fourth quarter worth about $27,000. New York State Common Retirement Fund grew its stake in Teekay by 53.4% in the 4th quarter.

New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock worth $60,000 after buying an additional 3,000 shares in the last quarter. Denali Advisors LLC bought a new position in shares of Teekay in the 4th quarter worth $70,000. MML Investors Services LLC purchased a new stake in shares of Teekay during the 3rd quarter valued at $100,000.

Finally, DAVENPORT & Co LLC bought a new stake in shares of Teekay during the 4th quarter worth $80,000. 46.73% of the stock is currently owned by institutional investors.

Teekay Stock Performance Shares of NYSE:TK opened at $6.59 on Wednesday. The firm has a fifty day moving average of $6.

81 and a 200 day moving average of $7.46. Teekay Co.

has a 52-week low of $5.98 and a 52-week high of $9.95.

The firm has a market capitalization of $604.74 million, a PE ratio of 4.67 and a beta of 0.

56. About Teekay ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding TK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teekay Co.

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