Signaturefd LLC Lowers Position in New Fortress Energy Inc. (NASDAQ:NFE)

Signaturefd LLC trimmed its stake in shares of New Fortress Energy Inc. (NASDAQ:NFE) by 34.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,707 shares of the company’s stock after selling 1,417 shares during the period. Signaturefd LLC’s holdings in New Fortress Energy were worth $41,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Allworth Financial LP grew its position in shares of New Fortress Energy by 2,156.0% during the fourth quarter. Allworth Financial LP now owns 2,053 shares of the company’s stock valued at $32,000 after purchasing an additional 1,962 shares in the last quarter. GAMMA Investing LLC grew its holdings in New Fortress Energy by 148.5% during the 4th 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 in the last quarter. US Bancorp DE grew its holdings in New Fortress Energy by 31.5% during the 4th quarter. US Bancorp DE now owns 4,696 shares of the company’s stock valued at $71,000 after buying an additional 1,126 shares in the last quarter. Captrust Financial Advisors bought a new stake in New Fortress Energy in the 3rd quarter worth approximately $101,000. Finally, KBC Group NV raised its holdings in shares of New Fortress Energy by 121.1% during the 4th quarter. KBC Group NV now owns 7,596 shares of the company’s stock worth $115,000 after acquiring an additional 4,160 shares in the last quarter. 58.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFE has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $8.00 target price on shares of New Fortress Energy in a report on Wednesday, March 12th. Stifel Nicolaus decreased 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 report on Tuesday, March 4th. Finally, Morgan Stanley dropped their price target on New Fortress Energy from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.00.

New Fortress Energy Trading Down 2.6 %

Shares of NFE opened at $11.90 on Wednesday. The company’s fifty day simple moving average is $12.20 and its 200-day simple moving average is $11.36. The company has a market cap of $3.26 billion, a P/E ratio of 13.08 and a beta of 1.58. The company has a current ratio of 0.38, a quick ratio of 0.35 and a debt-to-equity ratio of 4.06. New Fortress Energy Inc. has a twelve month low of $7.58 and a twelve month high of $30.80.

New Fortress Energy (NASDAQ:NFE) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $613.24 million. As a group, analysts expect that New Fortress Energy Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling

In related news, CFO Christopher S. Guinta purchased 5,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $8.57 per share, for a total transaction of $42,850.00. Following the completion of the acquisition, the chief financial officer now owns 206,653 shares in the company, 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 is available at the SEC website. 37.10% of the stock is owned by corporate insiders.

New Fortress Energy Company 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.