Cruiser Capital Advisors LLC Purchases New Holdings in New Fortress Energy Inc. (NASDAQ:NFE)

Cruiser Capital Advisors LLC bought a new stake in New Fortress Energy Inc. (NASDAQ:NFE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 234,900 shares of the company’s stock, valued at approximately $3,552,000. New Fortress Energy comprises about 2.0% of Cruiser Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Cruiser Capital Advisors LLC owned approximately 0.09% of New Fortress Energy at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NFE. Quest Partners LLC raised its position in shares of New Fortress Energy by 209.9% during the third quarter. Quest Partners LLC now owns 35,421 shares of the company’s stock worth $322,000 after purchasing an additional 23,993 shares during the period. Nicolet Advisory Services LLC bought a new stake in New Fortress Energy in the 3rd quarter valued at approximately $104,000. Rockefeller Capital Management L.P. boosted its position in New Fortress Energy by 77.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 221,477 shares of the company’s stock worth $2,013,000 after acquiring an additional 96,728 shares during the last quarter. Capstone Investment Advisors LLC grew its stake in shares of New Fortress Energy by 138.0% during the 3rd quarter. Capstone Investment Advisors LLC now owns 26,551 shares of the company’s stock worth $241,000 after acquiring an additional 15,395 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of New Fortress Energy in the third quarter valued at approximately $101,000. Institutional investors and hedge funds own 58.61% of the company’s stock.

New Fortress Energy Stock Up 9.4 %

New Fortress Energy stock opened at $12.22 on Tuesday. New Fortress Energy Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $30.80. The firm has a market capitalization of $3.35 billion, a PE ratio of 13.43 and a beta of 1.58. The company’s 50-day moving average is $12.25 and its 200-day moving average is $11.35. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.38 and a quick ratio of 0.35.

New Fortress Energy (NASDAQ:NFE) last announced its quarterly earnings results 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 return on equity of 15.60% and a net margin of 7.84%. The firm had revenue of $679.00 million for the quarter, compared to the consensus estimate of $613.24 million. Sell-side analysts anticipate that New Fortress Energy Inc. will post 0.36 earnings per share for the current year.

Insider Buying and Selling at New Fortress Energy

In other news, CFO Christopher S. Guinta bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $8.57 per share, for a total transaction of $42,850.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 37.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of New Fortress Energy from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, March 4th. Stifel Nicolaus dropped their target price on New Fortress Energy from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft set a $8.00 price target on New Fortress Energy in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.00.

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.