Catalyst Capital Advisors LLC Buys 358,485 Shares of New Fortress Energy LLC (NASDAQ:NFE)

Catalyst Capital Advisors LLC increased its holdings in shares of New Fortress Energy LLC (NASDAQ:NFE - Free Report) by 65.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 908,485 shares of the company's stock after acquiring an additional 358,485 shares during the period. Catalyst Capital Advisors LLC owned about 0.33% of New Fortress Energy worth $7,550,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NFE. Cetera Investment Advisers boosted its holdings in New Fortress Energy by 552.2% in the fourth quarter. Cetera Investment Advisers now owns 130,650 shares of the company's stock valued at $1,975,000 after acquiring an additional 110,617 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in New Fortress Energy by 32.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,470,832 shares of the company's stock worth $22,239,000 after purchasing an additional 359,421 shares during the last quarter. Two Sigma Investments LP raised its holdings in New Fortress Energy by 186.9% during the 4th quarter. Two Sigma Investments LP now owns 170,852 shares of the company's stock worth $2,583,000 after purchasing an additional 111,300 shares during the last quarter. Mork Capital Management LLC bought a new stake in New Fortress Energy during the 4th quarter worth about $1,046,000. Finally, Brandywine Global Investment Management LLC bought a new stake in New Fortress Energy during the 4th quarter worth about $19,618,000. 58.61% of the stock is currently owned by institutional investors.

New Fortress Energy Stock Down 12.7%

NASDAQ NFE traded down $0.52 during trading on Monday, hitting $3.58. The stock had a trading volume of 11,666,136 shares, compared to its average volume of 7,027,760. New Fortress Energy LLC has a 12 month low of $2.01 and a 12 month high of $26.22. 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's 50-day moving average price is $3.63 and its two-hundred day moving average price is $8.47. The company has a market capitalization of $981.64 million, a PE ratio of -1.59 and a beta of 1.30.

Wall Street Analysts Forecast Growth

NFE has been the subject of several recent research reports. Stifel Nicolaus dropped their price objective on New Fortress Energy from $16.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. BTIG Research downgraded New Fortress Energy from a "buy" rating to a "neutral" rating in a report on Thursday, June 26th. Citigroup reduced their target price on New Fortress Energy from $34.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. New Street Research set a $8.50 price target on shares of New Fortress Energy in a research report on Monday, June 30th. Finally, Morgan Stanley set a $4.00 price objective on shares of New Fortress Energy and gave the stock an "equal weight" rating in a research note on Tuesday, May 27th. Four equities research 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, New Fortress Energy has an average rating of "Hold" and a consensus price target of $9.75.

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.