King Luther Capital Management Corp Purchases 1,021,000 Shares of New Fortress Energy LLC $NFE

Key Points

• King Luther Capital doubled its stake in New Fortress Energy by buying 1,021,000 shares in Q2, bringing its total to 2,042,000 shares (about 0.74% of the company) worth roughly $6.78 million.
• Shares are trading near multi‑year lows, opening at $1.34 (down 4.3%), with a one‑year range of $1.17–$16.66 and a market cap of ~$381.3M; the company carries high leverage (debt/equity 5.77) and reported negative margins and ROE.
• Analyst sentiment is mixed: the consensus rating is "Hold" with an average target of $7.88, but several firms have recently downgraded the stock to "sell" or "strong sell."

King Luther Capital Management Corp lifted its position in shares of New Fortress Energy LLC (NASDAQ:NFE - Free Report) by 100.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,042,000 shares of the company's stock after purchasing an additional 1,021,000 shares during the period. King Luther Capital Management Corp owned 0.74% of New Fortress Energy worth $6,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in New Fortress Energy by 22.6% in the 1st quarter. Vanguard Group Inc. now owns 13,879,490 shares of the company's stock worth $115,339,000 after purchasing an additional 2,560,242 shares in the last quarter. American Assets Investment Management LLC boosted its stake 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 worth $15,449,000 after buying an additional 1,671,094 shares during the last quarter. Jump Financial LLC bought a new position in shares of New Fortress Energy in the first quarter valued at approximately $9,492,000. Allianz Asset Management GmbH bought a new position in shares of New Fortress Energy in the first quarter valued at approximately $5,165,000. Finally, Tejara Capital Ltd purchased a new stake in shares of New Fortress Energy during the first quarter valued at approximately $4,326,000. 58.61% of the stock is currently owned by hedge funds and other institutional investors.

New Fortress Energy Stock Down 4.3%

Shares of NASDAQ NFE opened at $1.34 on Monday. New Fortress Energy LLC has a one year low of $1.17 and a one year high of $16.66. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.67 and a quick ratio of 0.64. The business's fifty day moving average price is $1.91 and its 200-day moving average price is $2.94. The stock has a market capitalization of $381.30 million, a PE ratio of -0.35 and a beta of 1.20.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last announced its quarterly earnings data on Wednesday, June 18th. The company reported $0.13 earnings per share for the quarter. New Fortress Energy had a negative return on equity of 22.72% and a negative net margin of 48.94%.The company had revenue of $679.00 million during the quarter. On average, equities research analysts anticipate that New Fortress Energy LLC will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Zacks Research cut New Fortress Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. Johnson Rice cut New Fortress Energy from a "buy" rating to a "hold" rating and lowered their target price for the stock from $7.00 to $4.00 in a research note on Wednesday, August 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of New Fortress Energy in a report on Tuesday, October 14th. Finally, Capital One Financial restated an "underweight" rating on shares of New Fortress Energy in a report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, New Fortress Energy has a consensus rating of "Hold" and an average target price of $7.88.

New Fortress Energy Company Profile

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.

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