New Fortress Energy LLC $NFE Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its ownership in New Fortress Energy LLC by 118.5% in Q1, acquiring an additional 100,974 shares to own a total of 186,180 shares valued at $1.5 million.
• Institutional investors own 58.61% of New Fortress Energy, with significant increases from Vanguard Group (22.6%), American Assets Investment Management (888.8%), and Voya Investment Management (6,417.1%) in recent quarters.
• New Fortress Energy's stock has shown fluctuations, with a 10.0% increase recently, trading at $2.64, compared to a one-year low of $2.01 and a high of $16.66.

Deutsche Bank AG raised its position in shares of New Fortress Energy LLC (NASDAQ:NFE - Free Report) by 118.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 186,180 shares of the company's stock after buying an additional 100,974 shares during the quarter. Deutsche Bank AG owned about 0.07% of New Fortress Energy worth $1,547,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NFE. Vanguard Group Inc. raised its position in shares of New Fortress Energy by 22.6% in the 1st quarter. Vanguard Group Inc. now owns 13,879,490 shares of the company's stock valued at $115,339,000 after purchasing an additional 2,560,242 shares during the last quarter. American Assets Investment Management LLC raised its position in shares of New Fortress Energy by 888.8% in the 1st quarter. American Assets Investment Management LLC now owns 1,859,106 shares of the company's stock valued at $15,449,000 after purchasing an additional 1,671,094 shares during the last quarter. Voya Investment Management LLC raised its position in shares of New Fortress Energy by 6,417.1% in the 4th quarter. Voya Investment Management LLC now owns 1,307,455 shares of the company's stock valued at $19,769,000 after purchasing an additional 1,287,393 shares during the last quarter. Shay Capital LLC purchased a new position in shares of New Fortress Energy in the 4th quarter valued at approximately $16,866,000. Finally, First Trust Advisors LP raised its position in shares of New Fortress Energy by 275.7% in the 4th quarter. First Trust Advisors LP now owns 1,315,926 shares of the company's stock valued at $19,897,000 after purchasing an additional 965,669 shares during the last quarter. 58.61% of the stock is currently owned by institutional investors.

New Fortress Energy Stock Performance

Shares of NASDAQ:NFE traded up $0.03 during trading on Thursday, hitting $2.63. 5,218,170 shares of the stock traded hands, compared to its average volume of 8,131,567. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 4.77. The company has a market cap of $721.14 million, a price-to-earnings ratio of -1.17 and a beta of 1.08. The company has a fifty day moving average price of $3.15 and a two-hundred day moving average price of $5.51. New Fortress Energy LLC has a 52-week low of $2.01 and a 52-week high of $16.66.

Wall Street Analyst Weigh In

NFE has been the subject of a number of recent research reports. Johnson Rice lowered shares of New Fortress Energy from a "buy" rating to a "hold" rating and reduced their price target for the stock from $7.00 to $4.00 in a research report on Wednesday, August 13th. Compass Point initiated coverage on shares of New Fortress Energy in a research report on Tuesday, July 1st. They set a "buy" rating and a $8.50 price target for the company. Zacks Research raised shares of New Fortress Energy to a "hold" rating in a research report on Monday, August 11th. Morgan Stanley set a $4.00 price target on shares of New Fortress Energy and gave the stock an "equal weight" rating in a research report on Tuesday, May 27th. Finally, BTIG Research lowered shares of New Fortress Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, June 26th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $7.88.

About New Fortress Energy

New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.