California Public Employees Retirement System reduced its position in shares of GasLog LP (NYSE:GLOG) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 77,000 shares of the company’s stock after selling 2,400 shares during the period. California Public Employees Retirement System owned about 0.10% of GasLog worth $1,000,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of GLOG. Bank of New York Mellon Corp increased 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 period. Advisory Services Network LLC increased its stake in GasLog by 19.9% in the second quarter. Advisory Services Network LLC now owns 10,721 shares of the company’s stock worth $139,000 after buying an additional 1,778 shares during the period. Strs Ohio acquired a new stake in GasLog during the second quarter worth approximately $237,000. Geode Capital Management LLC increased 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 period. Finally, Meeder Asset Management Inc. acquired a new stake in GasLog during the first quarter worth approximately $193,000. Hedge funds and other institutional investors own 47.67% of the company’s stock.
GasLog LP (NYSE:GLOG) traded up 2.17% during mid-day trading on Tuesday, reaching $16.45. The company had a trading volume of 87,213 shares. The stock’s 50-day moving average is $14.14 and its 200 day moving average is $13.06. GasLog LP has a 12 month low of $5.24 and a 12 month high of $16.80. The firm’s market capitalization is $1.33 billion.
GasLog (NYSE:GLOG) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. GasLog had a negative return on equity of 0.70% and a negative net margin of 5.90%. The company earned $114.50 million during the quarter, compared to analysts’ expectations of $111.04 million. The company’s revenue was up 9.7% on a year-over-year basis. On average, analysts predict that GasLog LP will post $0.01 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. Zacks Investment Research raised GasLog from a “strong sell” rating to a “hold” rating in a report on Friday, July 29th. Jefferies Group reissued a “buy” rating on shares of GasLog in a report on Monday, August 1st. Finally, Citigroup Inc. lifted their price target on GasLog from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.50.
GasLog Company Profile
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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