Renaissance Technologies details 4.92% Teekay Corp (TK) ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation report beneficial ownership of 4,195,875 Teekay Corp Ltd common shares, equal to 4.92% of the outstanding class. They have sole power to vote and dispose of these shares, with no shared voting or dispositive power.
The filing states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Teekay. Certain funds managed by Renaissance Technologies LLC have the right to receive dividends and sale proceeds from these shares.
Positive
- None.
Negative
- None.
FAQ
What percentage of Teekay Corp (TK) does Renaissance Technologies report owning?
Renaissance Technologies reports beneficial ownership of 4.92% of Teekay Corp Ltd’s common shares. This corresponds to 4,195,875 shares, giving them a sub-5% position with sole voting and dispositive power over the reported holdings.
Which Renaissance entities filed the amended Schedule 13G for Teekay Corp (TK)?
The filing is made jointly by Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation. Both entities are organized in Delaware and report identical beneficial ownership figures and sole voting and dispositive power over the same block of Teekay common shares.
Is Renaissance Technologies’ Teekay Corp (TK) stake reported as a passive investment?
Yes. The certification states the Teekay securities were acquired and are held in the ordinary course of business, not for changing or influencing control of the issuer, and not in connection with any transaction having that control-related purpose or effect.