New Fortress Energy Inc. (NASDAQ:NFE) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in New Fortress Energy Inc. (NASDAQ:NFE) by 148.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,966 shares of the company’s stock after acquiring an additional 2,370 shares during the quarter. GAMMA Investing LLC’s holdings in New Fortress Energy were worth $60,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NFE. Commonwealth Equity Services LLC raised its position in shares of New Fortress Energy by 4.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,719 shares of the company’s stock worth $477,000 after acquiring an additional 999 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in New Fortress Energy by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,784 shares of the company’s stock valued at $479,000 after acquiring an additional 1,024 shares during the period. Victory Capital Management Inc. raised its stake in shares of New Fortress Energy by 7.7% during the second quarter. Victory Capital Management Inc. now owns 14,933 shares of the company’s stock worth $328,000 after purchasing an additional 1,062 shares during the last quarter. Quarry LP lifted its holdings in shares of New Fortress Energy by 125.7% during the second quarter. Quarry LP now owns 2,250 shares of the company’s stock worth $49,000 after purchasing an additional 1,253 shares during the period. Finally, Quest Partners LLC increased its stake in shares of New Fortress Energy by 16.6% during the second quarter. Quest Partners LLC now owns 11,428 shares of the company’s stock worth $251,000 after acquiring an additional 1,626 shares during the period. Hedge funds and other institutional investors own 58.61% of the company’s stock.

New Fortress Energy Stock Performance

Shares of NFE stock opened at $14.50 on Monday. The company’s fifty day simple moving average is $11.86 and its 200-day simple moving average is $13.18. 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 52 week low of $7.82 and a 52 week high of $36.49. The company has a market cap of $3.65 billion, a PE ratio of 15.93 and a beta of 1.50.

Analyst Upgrades and Downgrades

NFE has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 price target on the stock in a research note on Wednesday, December 4th. Stifel Nicolaus raised their price target on shares of New Fortress Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Morgan Stanley downgraded New Fortress Energy from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $35.00 to $15.00 in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, New Fortress Energy has a consensus rating of “Hold” and a consensus target price of $15.40.

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.