Connor Clark & Lunn Investment Management Ltd. Sells 3,284 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,780 shares of the oil and gas company’s stock after selling 3,284 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Natural Gas Services Group worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NGS. Vanguard Group Inc. grew its holdings in Natural Gas Services Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 491,167 shares of the oil and gas company’s stock valued at $9,543,000 after buying an additional 6,129 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Natural Gas Services Group by 80.1% in the second quarter. Assenagon Asset Management S.A. now owns 91,427 shares of the oil and gas company’s stock valued at $1,840,000 after purchasing an additional 40,672 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Natural Gas Services Group in the second quarter worth $788,000. Rhumbline Advisers raised its stake in Natural Gas Services Group by 2,513.0% during the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 11,610 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Natural Gas Services Group during the second quarter valued at $208,000. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on NGS shares. StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Raymond James began coverage on Natural Gas Services Group in a research report on Wednesday, August 7th. They set a “strong-buy” rating and a $27.00 price objective on the stock.

Insider Buying and Selling

In related news, Director Stephen Charles Taylor sold 10,042 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.01, for a total transaction of $251,150.42. Following the completion of the transaction, the director now owns 528,345 shares in the company, valued at $13,213,908.45. The trade was a 1.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 30,892 shares of company stock valued at $805,133 in the last ninety days. 7.25% of the stock is owned by company insiders.

Natural Gas Services Group Trading Up 0.8 %

NGS stock opened at $27.76 on Friday. Natural Gas Services Group, Inc. has a twelve month low of $12.75 and a twelve month high of $28.50. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The firm’s fifty day simple moving average is $21.95 and its two-hundred day simple moving average is $20.90. The stock has a market capitalization of $346.28 million, a price-to-earnings ratio of 21.69 and a beta of 1.03.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.