Mackenzie Financial Corp Sells 713 Shares of Dorian LPG Ltd. (NYSE:LPG)

Mackenzie Financial Corp decreased its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,059 shares of the shipping company’s stock after selling 713 shares during the period. Mackenzie Financial Corp’s holdings in Dorian LPG were worth $661,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of Dorian LPG by 317.7% during the fourth quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock worth $30,000 after acquiring an additional 521 shares in the last quarter. CWM LLC increased its position in shares of Dorian LPG by 63.2% during the third quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after acquiring an additional 547 shares in the last quarter. Amalgamated Bank increased its position in shares of Dorian LPG by 5.0% during the third quarter. Amalgamated Bank now owns 14,520 shares of the shipping company’s stock worth $417,000 after acquiring an additional 688 shares in the last quarter. Optimum Investment Advisors increased its position in shares of Dorian LPG by 16.6% during the fourth quarter. Optimum Investment Advisors now owns 5,100 shares of the shipping company’s stock worth $224,000 after acquiring an additional 725 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its position in shares of Dorian LPG by 2.7% during the third quarter. Texas Permanent School Fund Corp now owns 28,816 shares of the shipping company’s stock worth $828,000 after acquiring an additional 748 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LPG. StockNews.com raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research report on Wednesday. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a report on Friday, January 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a $50.00 target price on shares of Dorian LPG in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

Dorian LPG Stock Performance

Shares of LPG stock opened at $41.25 on Friday. The stock has a market cap of $1.67 billion, a P/E ratio of 5.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29. The company has a fifty day moving average price of $38.07 and a two-hundred day moving average price of $38.65. Dorian LPG Ltd. has a one year low of $21.02 and a one year high of $49.54.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. The firm had revenue of $163.06 million during the quarter, compared to analysts’ expectations of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same quarter last year, the company posted $1.29 earnings per share. As a group, equities analysts predict that Dorian LPG Ltd. will post 7.29 EPS for the current year.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.