Catalyst Capital Advisors LLC Grows Holdings in 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 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 908,485 shares of the company's stock after buying 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.

Several other large investors have also recently added to or reduced their stakes in NFE. US Bancorp DE increased its stake in New Fortress Energy by 31.5% during the 4th quarter. US Bancorp DE now owns 4,696 shares of the company's stock worth $71,000 after buying an additional 1,126 shares during the period. Charles Schwab Investment Management Inc. increased its stake in New Fortress Energy by 61.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 639,194 shares of the company's stock worth $9,665,000 after buying an additional 242,459 shares during the period. Victory Capital Management Inc. increased its stake in New Fortress Energy by 31.6% during the 4th quarter. Victory Capital Management Inc. now owns 19,317 shares of the company's stock worth $292,000 after buying an additional 4,636 shares during the period. Arizona State Retirement System increased its stake in New Fortress Energy by 64.7% during the 4th quarter. Arizona State Retirement System now owns 29,170 shares of the company's stock worth $441,000 after buying an additional 11,455 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in New Fortress Energy during the 4th quarter worth approximately $787,000. 58.61% of the stock is owned by hedge funds and other institutional investors.

New Fortress Energy Stock Up 4.0%

Shares of New Fortress Energy stock traded up $0.16 during trading hours on Friday, hitting $4.04. The company had a trading volume of 9,558,111 shares, compared to its average volume of 7,009,091. The company's 50-day moving average is $3.67 and its two-hundred day moving average is $8.55. New Fortress Energy LLC has a twelve month low of $2.01 and a twelve month high of $26.22. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.94 and a quick ratio of 0.88. The company has a market cap of $1.11 billion, a P/E ratio of -1.79 and a beta of 1.30.

Wall Street Analyst Weigh In

NFE has been the subject of several analyst reports. Morgan Stanley set a $4.00 price target on shares of New Fortress Energy and gave the stock an "equal weight" rating in a report on Tuesday, May 27th. BTIG Research cut shares of New Fortress Energy from a "buy" rating to a "neutral" rating in a report on Thursday, June 26th. New Street Research set a $8.50 price target on shares of New Fortress Energy in a report on Monday, June 30th. Compass Point initiated coverage on shares of New Fortress Energy in a report on Tuesday, July 1st. They set a "buy" rating and a $8.50 price target for the company. Finally, Stifel Nicolaus lowered their price target on shares of New Fortress Energy from $16.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, New Fortress Energy currently has an average rating of "Hold" and an average target price 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.