34,447 Shares in New Fortress Energy Inc. (NASDAQ:NFE) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new stake in shares of New Fortress Energy Inc. (NASDAQ:NFE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 34,447 shares of the company's stock, valued at approximately $521,000.

A number of other large investors have also recently modified their holdings of NFE. Stifel Financial Corp bought a new position in New Fortress Energy during the 3rd quarter worth about $990,000. Redwood Wealth Management Group LLC bought a new position in shares of New Fortress Energy during the fourth quarter valued at approximately $749,000. Y Intercept Hong Kong Ltd purchased a new position in New Fortress Energy during the fourth quarter valued at approximately $1,252,000. GSG Advisors LLC bought a new position in New Fortress Energy in the fourth quarter worth approximately $605,000. Finally, Catalyst Capital Advisors LLC bought a new position in New Fortress Energy in the fourth quarter worth approximately $8,316,000. Hedge funds and other institutional investors own 58.61% of the company's stock.

Analysts Set New Price Targets

NFE has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on New Fortress Energy from $23.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday. Morgan Stanley dropped their price objective on New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of New Fortress Energy from a "sell" rating to a "hold" rating and set a $11.00 target price for the company in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $15.60.

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New Fortress Energy Stock Up 1.9 %

Shares of NFE traded up $0.18 during midday trading on Friday, hitting $9.87. 4,056,484 shares of the company's stock traded hands, compared to its average volume of 4,492,275. The company has a current ratio of 0.38, a quick ratio of 0.35 and a debt-to-equity ratio of 4.06. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 10.85 and a beta of 1.58. New Fortress Energy Inc. has a 1 year low of $7.82 and a 1 year high of $33.83. The firm's fifty day moving average is $13.39 and its 200-day moving average is $11.56.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.07. New Fortress Energy had a return on equity of 15.60% and a net margin of 7.84%. The company had revenue of $679.00 million during the quarter, compared to analysts' expectations of $613.24 million. As a group, sell-side analysts anticipate that New Fortress Energy Inc. will post 0.36 earnings per share for the current year.

About New Fortress Energy

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.