New Fortress Energy Inc. (NASDAQ:NFE) Shares Bought by Huber Capital Management LLC

Huber Capital Management LLC increased its holdings in New Fortress Energy Inc. (NASDAQ:NFE) by 44.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,231,644 shares of the company’s stock after buying an additional 381,758 shares during the period. New Fortress Energy comprises approximately 3.7% of Huber Capital Management LLC’s holdings, making the stock its 5th biggest position. Huber Capital Management LLC owned 0.49% of New Fortress Energy worth $18,622,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NFE. JPMorgan Chase & Co. raised its position in New Fortress Energy by 2.0% during the fourth quarter. JPMorgan Chase & Co. now owns 48,250 shares of the company’s stock valued at $730,000 after acquiring an additional 935 shares in the last quarter. US Bancorp DE raised its stake in shares of New Fortress Energy by 31.5% in the 4th quarter. US Bancorp DE now owns 4,696 shares of the company’s stock valued at $71,000 after buying an additional 1,126 shares in the last quarter. Allworth Financial LP lifted its stake in New Fortress Energy by 2,156.0% during the fourth quarter. Allworth Financial LP now owns 2,053 shares of the company’s stock worth $32,000 after purchasing an additional 1,962 shares during the period. GAMMA Investing LLC raised its stake in New Fortress Energy by 148.5% during the fourth quarter. GAMMA Investing LLC now owns 3,966 shares of the company’s stock worth $60,000 after acquiring an additional 2,370 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of New Fortress Energy by 21.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,438 shares of the company’s stock valued at $249,000 after acquiring an additional 2,951 shares during the last quarter. 58.61% of the stock is owned by institutional investors.

New Fortress Energy Stock Performance

NFE opened at $8.57 on Thursday. New Fortress Energy Inc. has a 1-year low of $7.20 and a 1-year high of $30.71. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 9.42 and a beta of 1.58. 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 company’s fifty day moving average price is $11.38 and its two-hundred day moving average price is $11.28.

New Fortress Energy (NASDAQ:NFE) last issued its earnings results on Monday, March 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $679.00 million during the quarter, compared to analyst estimates of $613.24 million. New Fortress Energy had a net margin of 7.84% and a return on equity of 15.60%. On average, analysts expect that New Fortress Energy Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NFE. Stifel Nicolaus cut their price objective on shares of New Fortress Energy from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft set a $8.00 target price on shares of New Fortress Energy in a research note on Wednesday, March 12th. Finally, Morgan Stanley reduced their target price on shares of New Fortress Energy from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.00.

Insiders Place Their Bets

In other news, CFO Christopher S. Guinta bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $8.57 per share, with a total value of $42,850.00. Following the acquisition, the chief financial officer now owns 206,653 shares of the company’s stock, valued at approximately $1,771,016.21. This represents a 2.48 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 37.10% of the stock is currently owned by company insiders.

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.