SG Americas Securities LLC Takes $125,000 Position in New Fortress Energy Inc. (NASDAQ:NFE)

SG Americas Securities LLC acquired a new position in shares of New Fortress Energy Inc. (NASDAQ:NFE) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,248 shares of the company’s stock, valued at approximately $125,000.

Several other institutional investors have also recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in New Fortress Energy in the 3rd quarter valued at $25,000. KBC Group NV lifted 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 worth $31,000 after purchasing an additional 1,852 shares during the last quarter. US Bancorp DE lifted 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 worth $32,000 after purchasing an additional 2,767 shares during the last quarter. GAMMA Investing LLC lifted 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 worth $60,000 after purchasing an additional 2,370 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in New Fortress Energy by 409.1% in the third quarter. Signaturefd LLC now owns 4,124 shares of the company’s stock worth $37,000 after acquiring an additional 3,314 shares during the last quarter. 58.61% of the stock is currently owned by institutional investors and hedge funds.

New Fortress Energy Price Performance

NASDAQ:NFE opened at $12.12 on Wednesday. The firm has a market cap of $3.05 billion, a PE ratio of 13.32 and a beta of 1.49. New Fortress Energy Inc. has a 12 month low of $7.82 and a 12 month high of $35.58. 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 company’s 50-day moving average price is $14.07 and its two-hundred day moving average price is $12.19.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NFE. Stifel Nicolaus raised their price target on shares of New Fortress Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised shares of New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 price objective for the company in a research note on Wednesday, December 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, the stock presently has an average rating of “Hold” and an average price target of $15.40.

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.