12,084 Shares in New Fortress Energy Inc. (NASDAQ:NFE) Bought by Delta Financial Group Inc.

Delta Financial Group Inc. acquired a new stake in New Fortress Energy Inc. (NASDAQ:NFE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,084 shares of the company’s stock, valued at approximately $183,000.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV lifted its holdings in shares of New Fortress Energy by 116.9% in the 3rd quarter. KBC Group NV now owns 3,436 shares of the company’s stock valued at $31,000 after purchasing an additional 1,852 shares during the last quarter. Allworth Financial LP lifted its stake in New Fortress Energy by 2,156.0% in the fourth quarter. Allworth Financial LP now owns 2,053 shares of the company’s stock valued at $32,000 after buying an additional 1,962 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of New Fortress Energy by 148.5% in the fourth quarter. GAMMA Investing LLC now owns 3,966 shares of the company’s stock valued at $60,000 after acquiring an additional 2,370 shares during the period. US Bancorp DE grew its position in shares of New Fortress Energy by 344.6% during the third quarter. US Bancorp DE now owns 3,570 shares of the company’s stock worth $32,000 after acquiring an additional 2,767 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of New Fortress Energy by 409.1% in the 3rd quarter. Signaturefd LLC now owns 4,124 shares of the company’s stock valued at $37,000 after acquiring an additional 3,314 shares during the period. Hedge funds and other institutional investors own 58.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NFE shares. Deutsche Bank Aktiengesellschaft upgraded shares of New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 price target for the company in a research note on Wednesday, December 4th. Stifel Nicolaus increased their price target on New Fortress Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, New Fortress Energy has a consensus rating of “Hold” and an average target price of $15.40.

New Fortress Energy Stock Performance

NASDAQ NFE opened at $11.17 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.35 and a debt-to-equity ratio of 4.06. The business’s 50 day moving average is $14.00 and its two-hundred day moving average is $11.80. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 12.27 and a beta of 1.49. New Fortress Energy Inc. has a 12-month low of $7.82 and a 12-month high of $35.58.

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.