Ghisallo Capital Management LLC Takes $4.12 Million Position in Venture Global, Inc. $VG

Key Points

• Ghisallo Capital Management LLC has invested approximately $4.12 million in Venture Global, acquiring 400,000 shares during the 1st quarter.
• Analysts are optimistic about Venture Global, with reports from UBS, Deutsche Bank, and Bank of America upgrading the stock to "buy" and setting a target price between $17.00 and $20.00.
• The current price of Venture Global shares is $12.99, with a 1-year range of $6.75 to $25.50, indicating significant volatility in its stock performance.

Ghisallo Capital Management LLC acquired a new position in shares of Venture Global, Inc. (NYSE:VG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 400,000 shares of the company's stock, valued at approximately $4,120,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VG. Center for Financial Planning Inc. bought a new position in Venture Global in the 1st quarter valued at about $37,000. ORG Wealth Partners LLC bought a new position in shares of Venture Global during the 1st quarter valued at about $60,000. Federated Hermes Inc. acquired a new position in shares of Venture Global in the first quarter worth about $74,000. Defined Wealth Management LLC acquired a new position in shares of Venture Global in the first quarter worth about $114,000. Finally, Summit Trail Advisors LLC acquired a new position in shares of Venture Global in the first quarter worth about $114,000.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VG shares. Johnson Rice started coverage on shares of Venture Global in a research report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price target for the company. Bank of America lifted their price target on shares of Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price objective on shares of Venture Global from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Scotiabank lifted their price target on shares of Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft raised Venture Global from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a report on Thursday, August 28th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Venture Global Stock Performance

Shares of NYSE:VG traded up $0.15 on Thursday, reaching $12.87. The company's stock had a trading volume of 2,900,792 shares, compared to its average volume of 7,086,769. Venture Global, Inc. has a 52-week low of $6.75 and a 52-week high of $25.50. The stock's 50-day moving average is $14.50 and its two-hundred day moving average is $12.65. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.