UBS Group AG Acquires 1,262,862 Shares of New Fortress Energy LLC $NFE

UBS Group AG grew its holdings in New Fortress Energy LLC (NASDAQ:NFE) by 131.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,220,203 shares of the company’s stock after purchasing an additional 1,262,862 shares during the period. UBS Group AG owned about 0.78% of New Fortress Energy worth $2,531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System grew its stake in shares of New Fortress Energy by 5.0% during the second quarter. California State Teachers Retirement System now owns 97,267 shares of the company’s stock valued at $323,000 after buying an additional 4,663 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of New Fortress Energy by 244.7% during the second quarter. Osaic Holdings Inc. now owns 11,566 shares of the company’s stock valued at $39,000 after buying an additional 8,211 shares during the last quarter. IFP Advisors Inc grew its stake in shares of New Fortress Energy by 107.1% during the third quarter. IFP Advisors Inc now owns 18,785 shares of the company’s stock valued at $42,000 after buying an additional 9,713 shares during the last quarter. Savant Capital LLC bought a new position in shares of New Fortress Energy during the third quarter valued at approximately $28,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of New Fortress Energy during the third quarter valued at approximately $29,000. Institutional investors own 58.61% of the company’s stock.

New Fortress Energy Stock Down 2.3%

Shares of NASDAQ NFE opened at $0.62 on Wednesday. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.11 and a current ratio of 0.13. The firm has a market capitalization of $176.89 million, a price-to-earnings ratio of -0.28 and a beta of 1.34. The stock has a 50 day moving average price of $0.69 and a 200 day moving average price of $1.05. New Fortress Energy LLC has a 52-week low of $0.56 and a 52-week high of $4.96.

New Fortress Energy (NASDAQ:NFE) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.21). The firm had revenue of $226.95 million during the quarter, compared to analysts’ expectations of $508.60 million. New Fortress Energy had a negative net margin of 164.16% and a negative return on equity of 253.73%. Sell-side analysts expect that New Fortress Energy LLC will post -1.25 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen cut New Fortress Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $7.00.

New Fortress Energy Profile

New Fortress Energy is an integrated global energy infrastructure company focused on the development, construction and operation of natural gas-to-power projects and liquefied natural gas (LNG) terminals. The company sources LNG and delivers it via a network of floating storage and regasification units (FSRUs), onshore regasification terminals, and small-scale LNG carriers. By providing reliable natural gas supply solutions, New Fortress Energy aims to displace higher-carbon fuels in power generation, industrial and marine sectors.

The company’s core activities include the design, development and operation of FSRUs and onshore regasification terminals that convert cryogenic LNG back to gas for delivery into domestic transmission networks.