Mackenzie Financial Corp Sells 713 Shares of Dorian LPG Ltd. (NYSE:LPG)

Mackenzie Financial Corp decreased its position in Dorian LPG Ltd. (NYSE:LPG) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,059 shares of the shipping company’s stock after selling 713 shares during the quarter. Mackenzie Financial Corp’s holdings in Dorian LPG were worth $661,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Dorian LPG by 317.7% in the 4th quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock worth $30,000 after acquiring an additional 521 shares in the last quarter. CWM LLC boosted its holdings in shares of Dorian LPG by 63.2% in the 3rd quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after buying an additional 547 shares during the last quarter. Planned Solutions Inc. purchased a new position in shares of Dorian LPG in the 4th quarter worth about $44,000. Perennial Advisors LLC purchased a new position in shares of Dorian LPG in the 4th quarter worth about $204,000. Finally, Raymond James & Associates purchased a new position in shares of Dorian LPG in the 3rd quarter worth about $208,000. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $50.00 price target on shares of Dorian LPG in a report on Thursday, February 1st. StockNews.com raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

Dorian LPG Price Performance

NYSE LPG opened at $41.25 on Friday. The company has a market cap of $1.67 billion, a PE ratio of 5.48 and a beta of 1.13. Dorian LPG Ltd. has a 52 week low of $21.02 and a 52 week high of $49.54. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57. The firm’s 50-day simple moving average is $38.07 and its two-hundred day simple moving average is $38.65.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The firm had revenue of $163.06 million for the quarter, compared to the consensus estimate of $154.49 million. During the same period in the prior year, the firm posted $1.29 earnings per share. Research analysts predict that Dorian LPG Ltd. will post 7.29 earnings per share for the current year.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.