Janney Montgomery Scott LLC purchased a new stake in shares of New Fortress Energy Inc. (NASDAQ:NFE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,251 shares of the company's stock, valued at approximately $533,000.
A number of other large investors also recently bought and sold shares of NFE. Stifel Financial Corp purchased a new position in New Fortress Energy in the third quarter worth about $990,000. Vontobel Holding Ltd. purchased a new position in New Fortress Energy in the third quarter worth about $511,000. GSG Advisors LLC purchased a new position in New Fortress Energy in the fourth quarter worth about $605,000. Pinnacle Associates Ltd. purchased a new position in shares of New Fortress Energy during the third quarter valued at approximately $890,000. Finally, American Assets Investment Management LLC raised its holdings in shares of New Fortress Energy by 101.6% during the third quarter. American Assets Investment Management LLC now owns 114,065 shares of the company's stock valued at $1,037,000 after purchasing an additional 57,479 shares during the last quarter. 58.61% of the stock is owned by hedge funds and other institutional investors.
New Fortress Energy Stock Performance
NASDAQ NFE traded down $0.46 during trading hours on Wednesday, hitting $11.66. 5,953,110 shares of the company's stock traded hands, compared to its average volume of 4,195,271. The business's fifty day moving average price is $14.11 and its two-hundred day moving average price is $12.13. 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 firm has a market capitalization of $2.93 billion, a P/E ratio of 12.81 and a beta of 1.49. New Fortress Energy Inc. has a 52 week low of $7.82 and a 52 week high of $35.58.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of New Fortress Energy from $16.00 to $17.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised shares of New Fortress Energy from a "sell" rating to a "hold" rating and set a $11.00 price objective for the company in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, New Fortress Energy currently has an average rating of "Hold" and a consensus target price of $15.40.
Read Our Latest Analysis on New Fortress Energy
New Fortress Energy Profile
(
Free Report)
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.
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