Proficio Capital Partners LLC trimmed its stake in shares of New Fortress Energy Inc. (NASDAQ:NFE - Free Report) by 59.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,349 shares of the company's stock after selling 31,427 shares during the quarter. Proficio Capital Partners LLC's holdings in New Fortress Energy were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of NFE. US Bancorp DE boosted its stake in shares of New Fortress Energy by 344.6% in the 3rd quarter. US Bancorp DE now owns 3,570 shares of the company's stock valued at $32,000 after purchasing an additional 2,767 shares in the last quarter. American Assets Capital Advisers LLC lifted its holdings in New Fortress Energy by 105.7% during the 3rd quarter. American Assets Capital Advisers LLC now owns 1,555,767 shares of the company's stock valued at $14,968,000 after purchasing an additional 799,280 shares during the last quarter. American Assets Investment Management LLC boosted its position in New Fortress Energy by 101.6% in the third quarter. American Assets Investment Management LLC now owns 114,065 shares of the company's stock valued at $1,037,000 after buying an additional 57,479 shares in the last quarter. KBC Group NV grew its stake in New Fortress Energy by 116.9% during the third quarter. KBC Group NV now owns 3,436 shares of the company's stock worth $31,000 after buying an additional 1,852 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in shares of New Fortress Energy by 209.9% during the third quarter. Quest Partners LLC now owns 35,421 shares of the company's stock worth $322,000 after buying an additional 23,993 shares in the last quarter. 58.61% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded New Fortress Energy from a "sell" rating to a "hold" rating and set a $11.00 target price on the stock in a report on Wednesday, December 4th. Morgan Stanley decreased their price objective on shares of 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. Finally, Stifel Nicolaus dropped their target price on shares of New Fortress Energy from $23.00 to $19.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Three investment 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 company presently has a consensus rating of "Hold" and an average target price of $15.60.
View Our Latest Report on NFE
New Fortress Energy Trading Up 3.1 %
NFE stock opened at $9.26 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 4.06. New Fortress Energy Inc. has a twelve month low of $7.82 and a twelve month high of $33.22. The company has a market cap of $2.52 billion, a P/E ratio of 10.18 and a beta of 1.58. The business has a fifty day moving average of $13.15 and a 200-day moving average of $11.49.
New Fortress Energy (NASDAQ:NFE - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. New Fortress Energy had a net margin of 7.84% and a return on equity of 15.60%. The company had revenue of $679.00 million during the quarter, compared to analysts' expectations of $613.24 million. As a group, equities research analysts expect that New Fortress Energy Inc. will post 0.36 EPS for the current year.
New Fortress Energy Company 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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