CorEnergy Infrastructure Trust (NYSE:CORR) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the asset manager’s stock.

CorEnergy Infrastructure Trust Trading Down 8.6 %

NYSE CORR opened at $0.50 on Friday. The company has a market cap of $7.68 million, a PE ratio of -0.34 and a beta of 1.38. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 2.11. CorEnergy Infrastructure Trust has a 12 month low of $0.50 and a 12 month high of $3.48. The stock has a 50 day moving average of $0.75 and a 200-day moving average of $0.96.

Institutional Trading of CorEnergy Infrastructure Trust

A number of hedge funds have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its holdings in CorEnergy Infrastructure Trust by 80,730.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,267,943 shares of the asset manager’s stock worth $34,000,000 after purchasing an additional 16,247,817 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of CorEnergy Infrastructure Trust by 94.7% during the fourth quarter. Renaissance Technologies LLC now owns 44,577 shares of the asset manager’s stock valued at $93,000 after acquiring an additional 21,677 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of CorEnergy Infrastructure Trust during the fourth quarter valued at approximately $29,000. 8.28% of the stock is owned by institutional investors and hedge funds.

About CorEnergy Infrastructure Trust

CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way.