Kailix Advisors LLC Has $22.38 Million Holdings in New Fortress Energy Inc. (NASDAQ:NFE)

Kailix Advisors LLC lifted its stake in New Fortress Energy Inc. (NASDAQ:NFE) by 73.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,480,321 shares of the company’s stock after buying an additional 628,882 shares during the period. New Fortress Energy makes up approximately 18.8% of Kailix Advisors LLC’s investment portfolio, making the stock its biggest position. Kailix Advisors LLC owned about 0.59% of New Fortress Energy worth $22,382,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of New Fortress Energy by 2,156.0% in the fourth quarter. Allworth Financial LP now owns 2,053 shares of the company’s stock valued at $32,000 after buying an additional 1,962 shares during the period. KBC Group NV boosted its stake in shares of New Fortress Energy by 116.9% in the third quarter. KBC Group NV now owns 3,436 shares of the company’s stock valued at $31,000 after buying an additional 1,852 shares during the period. US Bancorp DE boosted its stake in shares of New Fortress Energy by 344.6% in the third quarter. US Bancorp DE now owns 3,570 shares of the company’s stock valued at $32,000 after buying an additional 2,767 shares during the period. GAMMA Investing LLC raised its position in New Fortress Energy by 148.5% during the fourth quarter. GAMMA Investing LLC now owns 3,966 shares of the company’s stock valued at $60,000 after purchasing an additional 2,370 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in New Fortress Energy during the fourth quarter valued at approximately $118,000. 58.61% of the stock is currently owned by institutional investors.

New Fortress Energy Stock Down 5.0 %

Shares of NASDAQ:NFE opened at $8.80 on Thursday. The company has a fifty day moving average of $13.02 and a 200-day moving average of $11.47. The company has a market capitalization of $2.40 billion, a PE ratio of 9.67 and a beta of 1.58. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.35 and a current ratio of 0.38. New Fortress Energy Inc. has a 52-week low of $7.82 and a 52-week high of $33.22.

New Fortress Energy (NASDAQ:NFE) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. New Fortress Energy had a net margin of 7.84% and a return on equity of 15.60%. The company had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $613.24 million. On average, equities analysts predict that New Fortress Energy Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded 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 report on Wednesday, December 4th. Morgan Stanley lowered their price objective on shares of New Fortress Energy from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus lowered their price objective on shares of New Fortress Energy from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.60.

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.