American Assets Investment Management LLC Grows Holdings in New Fortress Energy Inc. (NASDAQ:NFE)

American Assets Investment Management LLC raised its holdings in shares of New Fortress Energy Inc. (NASDAQ:NFE - Free Report) by 64.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,012 shares of the company's stock after acquiring an additional 73,947 shares during the quarter. American Assets Investment Management LLC owned approximately 0.07% of New Fortress Energy worth $2,843,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Allworth Financial LP increased its stake in New Fortress Energy by 2,156.0% during the fourth quarter. Allworth Financial LP now owns 2,053 shares of the company's stock worth $32,000 after acquiring an additional 1,962 shares during the last quarter. KBC Group NV boosted its position in shares of New Fortress Energy by 116.9% during the third quarter. KBC Group NV now owns 3,436 shares of the company's stock valued at $31,000 after buying an additional 1,852 shares during the period. US Bancorp DE boosted its position in shares of New Fortress Energy by 344.6% during the third quarter. US Bancorp DE now owns 3,570 shares of the company's stock valued at $32,000 after buying an additional 2,767 shares during the period. GAMMA Investing LLC boosted its position in shares of New Fortress Energy by 148.5% during the fourth quarter. GAMMA Investing LLC now owns 3,966 shares of the company's stock valued at $60,000 after buying an additional 2,370 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in shares of New Fortress Energy during the fourth quarter valued at approximately $118,000. 58.61% of the stock is owned by institutional investors.

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New Fortress Energy Stock Up 7.9 %

NFE stock traded up $0.82 during midday trading on Friday, hitting $11.17. The company's stock had a trading volume of 8,487,761 shares, compared to its average volume of 4,047,566. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 4.06. The firm has a 50-day simple moving average of $12.29 and a 200-day simple moving average of $11.35. The firm has a market capitalization of $3.06 billion, a P/E ratio of 12.27 and a beta of 1.58. New Fortress Energy Inc. has a 52-week low of $7.58 and a 52-week high of $30.80.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last announced its 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. The business had revenue of $679.00 million during the quarter, compared to analysts' expectations 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, equities analysts forecast that New Fortress Energy Inc. will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NFE. Deutsche Bank Aktiengesellschaft set a $8.00 target price on New Fortress Energy in a research report on Wednesday, March 12th. Stifel Nicolaus lowered their target price on New Fortress Energy from $23.00 to $19.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Morgan Stanley lowered their target price on New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $15.00.

Insider Buying and Selling

In other news, CFO Christopher S. Guinta bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $8.57 per share, for a total transaction of $42,850.00. Following the completion of the transaction, the chief financial officer now owns 206,653 shares in the company, valued at $1,771,016.21. The trade was a 2.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 37.10% of the stock is currently owned by corporate insiders.

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.