Tejara Capital Ltd Increases Position in New Fortress Energy LLC $NFE

Tejara Capital Ltd increased its stake in shares of New Fortress Energy LLC (NASDAQ:NFE) by 98.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,032,773 shares of the company’s stock after purchasing an additional 512,173 shares during the quarter. New Fortress Energy makes up 1.6% of Tejara Capital Ltd’s holdings, making the stock its 21st largest position. Tejara Capital Ltd’s holdings in New Fortress Energy were worth $3,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NFE. Victory Capital Management Inc. lifted its position in shares of New Fortress Energy by 11.2% during the first quarter. Victory Capital Management Inc. now owns 21,474 shares of the company’s stock valued at $178,000 after buying an additional 2,157 shares during the last quarter. CWM LLC raised its stake in shares of New Fortress Energy by 46.9% during the 1st quarter. CWM LLC now owns 9,065 shares of the company’s stock worth $75,000 after acquiring an additional 2,895 shares in the last quarter. AlphaQuest LLC lifted its position in New Fortress Energy by 15.6% during the first quarter. AlphaQuest LLC now owns 25,185 shares of the company’s stock valued at $209,000 after acquiring an additional 3,404 shares during the last quarter. Rhumbline Advisers boosted its stake in New Fortress Energy by 3.7% in the first quarter. Rhumbline Advisers now owns 101,283 shares of the company’s stock valued at $842,000 after acquiring an additional 3,653 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in New Fortress Energy by 11.4% in the second quarter. SBI Securities Co. Ltd. now owns 37,121 shares of the company’s stock valued at $123,000 after acquiring an additional 3,801 shares in the last quarter. 58.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NFE has been the topic of a number of recent analyst reports. Zacks Research downgraded New Fortress Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Capital One Financial reaffirmed an “underweight” rating on shares of New Fortress Energy in a research report on Monday, September 8th. Johnson Rice cut New Fortress Energy from a “buy” rating to a “hold” rating and decreased their price target for the company from $7.00 to $4.00 in a research note on Wednesday, August 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of New Fortress Energy in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.88.

New Fortress Energy Price Performance

NASDAQ NFE opened at $1.22 on Friday. The company has a market cap of $347.15 million, a price-to-earnings ratio of -0.32 and a beta of 1.20. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.17 and a quick ratio of 0.64. The stock’s fifty day moving average price is $1.71 and its 200 day moving average price is $2.53. New Fortress Energy LLC has a 1 year low of $0.98 and a 1 year high of $16.66.

New Fortress Energy (NASDAQ:NFE) last announced its quarterly earnings data on Wednesday, June 18th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $679.00 million for the quarter. New Fortress Energy had a negative return on equity of 43.91% and a negative net margin of 72.92%. As a group, equities research analysts forecast that New Fortress Energy LLC will post 0.36 earnings per share for the current year.

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.