California State Teachers Retirement System lowered its stake in shares of GasLog LP (NYSE:GLOG) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 85,793 shares of the company’s stock after selling 2,361 shares during the period. California State Teachers Retirement System owned approximately 0.11% of GasLog worth $1,114,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of GLOG. State Street Corp boosted its stake in GasLog by 2.0% in the first quarter. State Street Corp now owns 670,378 shares of the company’s stock worth $6,530,000 after buying an additional 12,993 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in GasLog by 2.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 371,269 shares of the company’s stock worth $3,616,000 after buying an additional 9,938 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in GasLog by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 96,654 shares of the company’s stock worth $1,255,000 after buying an additional 574 shares during the last quarter. Geode Capital Management LLC boosted its stake in GasLog by 6.5% in the first quarter. Geode Capital Management LLC now owns 42,559 shares of the company’s stock worth $414,000 after buying an additional 2,605 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in GasLog during the first quarter worth about $193,000. 47.66% of the stock is owned by hedge funds and other institutional investors.
GasLog LP (NYSE:GLOG) traded down 3.19% during trading on Friday, reaching $13.07. The company’s stock had a trading volume of 347,505 shares. The company’s market cap is $1.05 billion. GasLog LP has a 12 month low of $5.24 and a 12 month high of $15.06. The stock’s 50 day moving average is $13.78 and its 200 day moving average is $12.53.
GasLog (NYSE:GLOG) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. The firm earned $114.50 million during the quarter, compared to analyst estimates of $111.04 million. GasLog had a negative return on equity of 0.70% and a negative net margin of 5.90%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that GasLog LP will post $0.02 EPS for the current fiscal year.
GLOG has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating on shares of GasLog in a research report on Monday, August 22nd. Citigroup Inc. raised their price objective on GasLog from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Finally, Zacks Investment Research cut GasLog from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.50.
GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the liquefied natural gas (LNG) market. The Company is provides maritime services for the transportation of LNG on worldwide basis and LNG vessel management services.
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