Published on 20 Aug 2023 on Simply Wall St. via Yahoo Finance
With 84% ownership, Teekay Corporation (NYSE:TK) boasts of strong institutional backing
Key Insights
Significantly high institutional ownership implies Teekay's stock price is sensitive to their trading actionsThe top 5 shareholders own 52% of the companyOwnership research, combined with past performance data can help provide a good understanding of opportunities in a stock
If you want to know who really controls Teekay Corporation (NYSE:TK), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 84% ownership. Put another way, the group faces the maximum upside potential (or downside risk).