GSG Advisors LLC Purchases New Shares in New Fortress Energy Inc. (NASDAQ:NFE)

GSG Advisors LLC purchased a new position in New Fortress Energy Inc. (NASDAQ:NFE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 40,000 shares of the company's stock, valued at approximately $605,000.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp bought a new position in New Fortress Energy in the 3rd quarter worth $990,000. Vontobel Holding Ltd. bought a new position in shares of New Fortress Energy in the third quarter worth about $511,000. Pinnacle Associates Ltd. purchased a new position in shares of New Fortress Energy during the 3rd quarter valued at about $890,000. American Assets Investment Management LLC grew its stake in shares of New Fortress Energy by 101.6% during the 3rd quarter. American Assets Investment Management LLC now owns 114,065 shares of the company's stock valued at $1,037,000 after acquiring an additional 57,479 shares during the period. Finally, M&T Bank Corp purchased a new stake in New Fortress Energy in the 3rd quarter worth approximately $628,000. Institutional investors own 58.61% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NFE. Deutsche Bank Aktiengesellschaft raised shares of New Fortress Energy from a "sell" rating to a "hold" rating and set a $11.00 price target on the stock in a report on Wednesday, December 4th. Morgan Stanley downgraded shares of New Fortress Energy from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $35.00 to $15.00 in a report on Thursday, October 3rd. Finally, Stifel Nicolaus increased their price target on New Fortress Energy from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.40.

New Fortress Energy Price Performance

Shares of NFE stock traded up $0.21 during mid-day trading on Tuesday, hitting $14.50. The company had a trading volume of 2,458,075 shares, compared to its average volume of 4,451,547. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.38 and a quick ratio of 0.35. The stock's 50 day moving average price is $11.98 and its 200-day moving average price is $13.13. New Fortress Energy Inc. has a 52-week low of $7.82 and a 52-week high of $35.71. The company has a market capitalization of $3.65 billion, a P/E ratio of 15.93 and a beta of 1.50.

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.