Barclays PLC Sells 123,931 Shares of New Fortress Energy Inc. (NASDAQ:NFE)

Barclays PLC trimmed its position in New Fortress Energy Inc. (NASDAQ:NFE) by 58.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,366 shares of the company’s stock after selling 123,931 shares during the period. Barclays PLC’s holdings in New Fortress Energy were worth $1,306,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew 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 purchasing an additional 1,962 shares in the last quarter. GAMMA Investing LLC boosted its position 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 31.5% during the 4th quarter. US Bancorp DE now owns 4,696 shares of the company’s stock worth $71,000 after purchasing an additional 1,126 shares in the last quarter. KBC Group NV grew its position in New Fortress Energy by 121.1% during the fourth quarter. KBC Group NV now owns 7,596 shares of the company’s stock worth $115,000 after buying an additional 4,160 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of New Fortress Energy in the fourth quarter worth $118,000. Institutional investors own 58.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of New Fortress Energy from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft set a $8.00 price objective on shares of New Fortress Energy in a report on Wednesday, March 12th. Citigroup lowered their target price on New Fortress Energy from $34.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley dropped their price target on shares of New Fortress Energy from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.00.

New Fortress Energy Stock Performance

Shares of New Fortress Energy stock opened at $6.08 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.38 and a quick ratio of 0.35. New Fortress Energy Inc. has a one year low of $4.72 and a one year high of $29.11. The business has a 50-day simple moving average of $7.80 and a 200 day simple moving average of $10.60. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 6.68 and a beta of 1.52.

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

Insiders Place Their Bets

In other New Fortress Energy news, CFO Christopher S. Guinta acquired 5,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $8.57 per share, with a total value of $42,850.00. Following the completion of the transaction, the chief financial officer now owns 206,653 shares in the company, valued at approximately $1,771,016.21. This trade represents a 2.48 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 37.10% of the company’s stock.

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.