UBS Group AG Increases Holdings in New Fortress Energy LLC $NFE

UBS Group AG lifted its position in New Fortress Energy LLC (NASDAQ:NFE) by 131.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,220,203 shares of the company’s stock after purchasing an additional 1,262,862 shares during the period. UBS Group AG’s holdings in New Fortress Energy were worth $2,531,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Shay Capital LLC increased its holdings in shares of New Fortress Energy by 272.1% in the 3rd quarter. Shay Capital LLC now owns 5,675,000 shares of the company’s stock valued at $12,542,000 after acquiring an additional 4,150,000 shares during the period. Long Focus Capital Management LLC raised its position in shares of New Fortress Energy by 43.7% in the 3rd quarter. Long Focus Capital Management LLC now owns 7,400,000 shares of the company’s stock worth $16,354,000 after acquiring an additional 2,250,000 shares in the last quarter. AQR Capital Management LLC raised its position in shares of New Fortress Energy by 3,088.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,496,579 shares of the company’s stock worth $4,692,000 after acquiring an additional 1,449,639 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of New Fortress Energy by 1,488.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,312,564 shares of the company’s stock worth $4,358,000 after acquiring an additional 1,229,913 shares in the last quarter. Finally, Masters Capital Management LLC bought a new position in shares of New Fortress Energy in the 3rd quarter worth $2,210,000. Hedge funds and other institutional investors own 58.61% of the company’s stock.

New Fortress Energy Stock Performance

Shares of NFE opened at $0.62 on Wednesday. New Fortress Energy LLC has a 12 month low of $0.56 and a 12 month high of $4.96. The stock has a fifty day moving average price of $0.69 and a 200-day moving average price of $1.05. The company has a current ratio of 0.13, a quick ratio of 0.11 and a debt-to-equity ratio of 3.57. The firm has a market cap of $176.89 million, a PE ratio of -0.28 and a beta of 1.34.

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

Wall Street Analysts Forecast Growth

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

About New Fortress Energy

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.