Foundations Investment Advisors LLC Has $71,000 Holdings in Tellurian Inc. (NYSEAMERICAN:TELL)

Foundations Investment Advisors LLC decreased its position in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 94.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,943 shares of the oil and gas producer’s stock after selling 1,366,175 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Tellurian were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Millennium Management LLC grew its holdings in Tellurian by 174.5% during the 2nd quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock worth $10,274,000 after acquiring an additional 9,430,606 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Tellurian by 12.5% in the first quarter. Vanguard Group Inc. now owns 37,380,931 shares of the oil and gas producer’s stock worth $24,724,000 after purchasing an additional 4,149,531 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Tellurian in the second quarter valued at $627,000. Virtu Financial LLC bought a new position in Tellurian during the 1st quarter worth $402,000. Finally, DRW Securities LLC acquired a new position in Tellurian during the 2nd quarter worth about $300,000. Institutional investors and hedge funds own 48.87% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley reissued a “neutral” rating and issued a $1.00 price target (down previously from $2.50) on shares of Tellurian in a research note on Monday, July 22nd.

Tellurian Stock Performance

NYSEAMERICAN:TELL opened at $1.00 on Monday. Tellurian Inc. has a 52 week low of $0.36 and a 52 week high of $1.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.27 and a current ratio of 0.27. The company has a fifty day moving average price of $0.72. The company has a market cap of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56.

Tellurian (NYSEAMERICAN:TELL) last issued its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). Tellurian had a negative return on equity of 20.24% and a negative net margin of 129.88%. As a group, sell-side analysts anticipate that Tellurian Inc. will post -0.19 earnings per share for the current year.

About Tellurian

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.