American Century Companies Inc. Raises Position in Teekay Corporation Ltd. $TK

American Century Companies Inc. lifted its stake in Teekay Corporation Ltd. (NYSE:TK - Free Report) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,254,112 shares of the shipping company's stock after purchasing an additional 121,152 shares during the quarter. American Century Companies Inc. owned about 2.45% of Teekay worth $18,596,000 at the end of the most recent reporting period.

• These 3 Stocks Boosting Buybacks Have Rallying Potential

Several other large investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Teekay by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,460 shares of the shipping company's stock worth $213,000 after buying an additional 1,404 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of Teekay by 3.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 38,003 shares of the shipping company's stock worth $314,000 after acquiring an additional 1,411 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Teekay by 0.6% during the 1st quarter. Martingale Asset Management L P now owns 264,626 shares of the shipping company's stock worth $1,739,000 after purchasing an additional 1,519 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of Teekay by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 97,615 shares of the shipping company's stock worth $805,000 after purchasing an additional 2,129 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Teekay by 16.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,543 shares of the shipping company's stock valued at $168,000 after purchasing an additional 3,518 shares during the last quarter. Institutional investors own 46.73% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Teekay in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".

• 3 Big Dividend Hikes Hit the Market—1 Just Doubled Its Payout

Check Out Our Latest Research Report on TK

Teekay Stock Performance

NYSE TK opened at $9.48 on Wednesday. The company has a market cap of $870.15 million, a PE ratio of 6.72 and a beta of 0.14. Teekay Corporation Ltd. has a 52-week low of $5.65 and a 52-week high of $10.60. The firm's 50 day moving average price is $9.11 and its 200-day moving average price is $8.48.

About Teekay

• NFL and WWE Land on ESPN—The Impact on Disney and TKO Stocks

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.

Featured Articles

• Five stocks we like better than Teekay
• The Significance of Brokerage Rankings in Stock Selection
• Wall Street’s Sleeping Giant: Is Amazon About to Wake Up?
• Stock Ratings and Recommendations: Understanding Analyst Ratings
• Checkmate in the Cloud: ServiceNow's Shopping Spree
• How to Invest in Blue Chip Stocks
• The Contrarian Case for MSTR Amid MSCI Delisting Debacle

Want to see what other hedge funds are holding TK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teekay Corporation Ltd. (NYSE:TK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Teekay Right Now?

Before you consider Teekay, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teekay wasn't on the list.

While Teekay currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here