Cruiser Capital Advisors LLC Buys New Position in New Fortress Energy Inc. (NASDAQ:NFE)

Cruiser Capital Advisors LLC purchased a new position in shares of New Fortress Energy Inc. (NASDAQ:NFE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 234,900 shares of the company's stock, valued at approximately $3,552,000. New Fortress Energy makes up 2.0% of Cruiser Capital Advisors LLC's investment portfolio, making the stock its 9th biggest position. Cruiser Capital Advisors LLC owned approximately 0.09% of New Fortress Energy at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFE. William Blair Investment Management LLC raised its stake in New Fortress Energy by 40.8% in the 4th quarter. William Blair Investment Management LLC now owns 15,567,055 shares of the company's stock valued at $235,374,000 after purchasing an additional 4,509,177 shares during the last quarter. Primecap Management Co. CA grew its holdings in New Fortress Energy by 13.6% in the 4th quarter. Primecap Management Co. CA now owns 13,096,998 shares of the company's stock valued at $198,027,000 after buying an additional 1,564,893 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of New Fortress Energy by 31.8% in the 4th quarter. Vanguard Group Inc. now owns 11,319,248 shares of the company's stock worth $171,147,000 after acquiring an additional 2,728,191 shares during the last quarter. American Assets Capital Advisers LLC raised its holdings in shares of New Fortress Energy by 56.2% during the 4th quarter. American Assets Capital Advisers LLC now owns 2,430,812 shares of the company's stock worth $36,754,000 after acquiring an additional 875,045 shares during the period. Finally, Kailix Advisors LLC boosted its position in shares of New Fortress Energy by 73.9% during the 4th quarter. Kailix Advisors LLC now owns 1,480,321 shares of the company's stock valued at $22,382,000 after acquiring an additional 628,882 shares during the last quarter. 58.61% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at New Fortress Energy

In related news, CFO Christopher S. Guinta purchased 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $8.57 per share, for a total transaction of $42,850.00. Following the completion of the purchase, the chief financial officer now directly owns 206,653 shares of the company's stock, valued at approximately $1,771,016.21. This trade represents a 2.48 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 37.10% of the stock is owned by insiders.

New Fortress Energy Stock Down 4.6 %

Shares of NFE stock traded down $0.43 during trading hours on Friday, reaching $8.85. 9,686,955 shares of the stock were exchanged, compared to its average volume of 4,218,439. The business's fifty day moving average is $11.84 and its two-hundred day moving average is $11.34. The firm has a market capitalization of $2.42 billion, a P/E ratio of 9.73 and a beta of 1.58. New Fortress Energy Inc. has a 12-month low of $7.58 and a 12-month high of $30.80. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.38 and a quick ratio of 0.35.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley decreased their price objective on New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 4th. Stifel Nicolaus cut their target price on shares of New Fortress Energy from $23.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft set a $8.00 price target on shares of New Fortress Energy in a research report on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $15.00.

New Fortress Energy 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.