82,830 Shares in New Fortress Energy Inc. (NASDAQ:NFE) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of New Fortress Energy Inc. (NASDAQ:NFE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 82,830 shares of the company’s stock, valued at approximately $1,252,000.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp purchased a new stake in shares of New Fortress Energy during the third quarter worth about $990,000. Redwood Wealth Management Group LLC purchased a new stake in shares of New Fortress Energy during the fourth quarter worth about $749,000. GSG Advisors LLC purchased a new stake in shares of New Fortress Energy during the fourth quarter worth about $605,000. Catalyst Capital Advisors LLC purchased a new stake in shares of New Fortress Energy during the fourth quarter worth about $8,316,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of New Fortress Energy during the third quarter worth about $890,000. Hedge funds and other institutional investors own 58.61% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on NFE shares. Stifel Nicolaus increased their target price on New Fortress Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft upgraded New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 price target for the company in a report 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.40.

New Fortress Energy Price Performance

Shares of NFE stock opened at $10.18 on Thursday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 11.19 and a beta of 1.49. 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 twelve month low of $7.82 and a twelve month high of $35.58. The stock has a fifty day simple moving average of $13.95 and a two-hundred day simple moving average of $11.74.

About New Fortress Energy

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.