Kailix Advisors LLC increased its holdings in New Fortress Energy LLC (NASDAQ:NFE - Free Report) by 28.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,908,791 shares of the company's stock after purchasing an additional 428,470 shares during the period. New Fortress Energy makes up about 17.8% of Kailix Advisors LLC's holdings, making the stock its 2nd biggest holding. Kailix Advisors LLC owned approximately 0.70% of New Fortress Energy worth $15,862,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in NFE. JPMorgan Chase & Co. boosted its position in New Fortress Energy by 2.0% during the 4th quarter. JPMorgan Chase & Co. now owns 48,250 shares of the company's stock valued at $730,000 after buying an additional 935 shares during the period. Victory Capital Management Inc. boosted its position in New Fortress Energy by 11.2% during the 1st quarter. Victory Capital Management Inc. now owns 21,474 shares of the company's stock valued at $178,000 after buying an additional 2,157 shares during the period. Deutsche Bank AG boosted its position in New Fortress Energy by 3.0% during the 4th quarter. Deutsche Bank AG now owns 85,206 shares of the company's stock valued at $1,288,000 after buying an additional 2,463 shares during the period. CWM LLC boosted its position in New Fortress Energy by 46.9% during the 1st quarter. CWM LLC now owns 9,065 shares of the company's stock valued at $75,000 after buying an additional 2,895 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in New Fortress Energy by 21.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,438 shares of the company's stock valued at $249,000 after buying an additional 2,951 shares during the period. Hedge funds and other institutional investors own 58.61% of the company's stock.
New Fortress Energy Stock Up 18.3%
Shares of New Fortress Energy stock traded up $0.75 during trading on Wednesday, hitting $4.83. The company's stock had a trading volume of 6,196,826 shares, compared to its average volume of 7,297,931. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.95 and a current ratio of 1.00. The company has a fifty day simple moving average of $3.24 and a two-hundred day simple moving average of $7.70. The company has a market capitalization of $1.32 billion, a PE ratio of -2.14 and a beta of 1.30. New Fortress Energy LLC has a 52 week low of $2.01 and a 52 week high of $25.01.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Citigroup dropped their target price on shares of New Fortress Energy from $34.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley set a $4.00 target price on shares of New Fortress Energy and gave the stock an "equal weight" rating in a research report on Tuesday, May 27th. Stifel Nicolaus dropped their target price on shares of New Fortress Energy from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. BTIG Research cut shares of New Fortress Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, June 26th. Finally, Compass Point assumed coverage on shares of New Fortress Energy in a research report on Tuesday, July 1st. They issued a "buy" rating and a $8.50 target price for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, New Fortress Energy has a consensus rating of "Hold" and a consensus price target of $9.75.
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New Fortress Energy Profile
(
Free Report)
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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