U.S. Capital Wealth Advisors LLC Purchases New Stake in New Fortress Energy LLC (NASDAQ:NFE)

U.S. Capital Wealth Advisors LLC acquired a new stake in New Fortress Energy LLC (NASDAQ:NFE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 191,254 shares of the company's stock, valued at approximately $1,589,000. U.S. Capital Wealth Advisors LLC owned approximately 0.07% of New Fortress Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NFE. Cetera Investment Advisers grew its position in New Fortress Energy by 552.2% during the 4th quarter. Cetera Investment Advisers now owns 130,650 shares of the company's stock worth $1,975,000 after purchasing an additional 110,617 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 grew its position 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 purchased a new position in New Fortress Energy during the 4th quarter worth $1,046,000. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of New Fortress Energy in the fourth quarter valued at about $19,618,000. 58.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on NFE shares. New Street Research set a $8.50 target price on shares of New Fortress Energy in a report on Monday, June 30th. BTIG Research cut shares of New Fortress Energy from a "buy" rating to a "neutral" rating in a research note on Thursday, June 26th. Compass Point assumed coverage on shares of New Fortress Energy in a research note on Tuesday, July 1st. They issued a "buy" rating and a $8.50 price objective for the company. Morgan Stanley set a $4.00 price objective on shares of New Fortress Energy and gave the company an "equal weight" rating in a research note on Tuesday, May 27th. Finally, Stifel Nicolaus reduced their price objective on shares of New Fortress Energy from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $9.75.

New Fortress Energy Trading Up 17.9%

Shares of NASDAQ NFE traded up $0.63 during midday trading on Friday, reaching $4.15. 13,937,977 shares of the stock were exchanged, compared to its average volume of 7,190,096. The company has a market capitalization of $1.14 billion, a P/E ratio of -1.84 and a beta of 1.30. New Fortress Energy LLC has a 52-week low of $2.01 and a 52-week high of $26.22. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 4.77. The stock has a 50 day moving average price of $3.47 and a 200-day moving average price of $8.21.

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.