Gulf Island Fabrication (NASDAQ:GIFI) Downgraded by to “Hold”

Gulf Island Fabrication (NASDAQ:GIFIGet Rating) was downgraded by research analysts at from a “buy” rating to a “hold” rating in a report released on Saturday.

Gulf Island Fabrication Stock Down 3.1 %

Gulf Island Fabrication stock opened at $3.42 on Friday. Gulf Island Fabrication has a 52 week low of $3.10 and a 52 week high of $5.74. The company’s 50 day moving average price is $3.67 and its two-hundred day moving average price is $4.42. The stock has a market cap of $55.23 million, a P/E ratio of 22.80 and a beta of 0.60.

Gulf Island Fabrication (NASDAQ:GIFIGet Rating) last issued its quarterly earnings results on Tuesday, March 28th. The oil and gas company reported $0.04 EPS for the quarter. The business had revenue of $38.14 million for the quarter. Gulf Island Fabrication had a return on equity of 2.27% and a net margin of 1.32%.

Institutional Trading of Gulf Island Fabrication

A number of large investors have recently added to or reduced their stakes in GIFI. Advisor Group Holdings Inc. boosted its stake in Gulf Island Fabrication by 69.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 8,025 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 3,300 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Gulf Island Fabrication during the first quarter valued at $69,000. Susquehanna International Group LLP purchased a new stake in Gulf Island Fabrication in the first quarter worth $74,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Gulf Island Fabrication in the fourth quarter valued at $96,000. Finally, Acadian Asset Management LLC lifted its position in shares of Gulf Island Fabrication by 148.8% during the 1st quarter. Acadian Asset Management LLC now owns 31,376 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 18,764 shares during the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Gulf Island Fabrication Company Profile

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Gulf Island Fabrication, Inc engages in the business of fabricating complex steel structures and modules and the provision of specialty services. It operates through the following segments: Services, Fabrication, Shipyard, and Corporate. The Services segment provides maintenance, repair, construction, scaffolding, coatings, and welding enclosures on offshore platforms and inland structures and at industrial facilities.

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