Man Group plc Has $498,000 Stock Holdings in Natural Gas Services Group, Inc. (NYSE:NGS)

Man Group plc grew its holdings in Natural Gas Services Group, Inc. (NYSE:NGS) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,574 shares of the oil and gas company’s stock after buying an additional 697 shares during the quarter. Man Group plc owned approximately 0.15% of Natural Gas Services Group worth $498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Natural Gas Services Group by 76.5% in the third quarter. JPMorgan Chase & Co. now owns 34,548 shares of the oil and gas company’s stock valued at $660,000 after buying an additional 14,974 shares in the last quarter. Rhumbline Advisers increased its position in Natural Gas Services Group by 195.2% in the fourth quarter. Rhumbline Advisers now owns 31,362 shares of the oil and gas company’s stock worth $840,000 after purchasing an additional 20,738 shares during the period. Raymond James Financial Inc. acquired a new stake in Natural Gas Services Group in the fourth quarter worth about $1,001,000. Proficio Capital Partners LLC acquired a new stake in Natural Gas Services Group in the fourth quarter worth about $5,733,000. Finally, Calamos Advisors LLC acquired a new stake in Natural Gas Services Group in the fourth quarter worth about $279,000. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on NGS shares. Wall Street Zen upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Raymond James restated a “strong-buy” rating and set a $32.00 target price (down from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus boosted their target price on Natural Gas Services Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, May 16th.

Natural Gas Services Group Stock Performance

Shares of NGS stock opened at $24.28 on Tuesday. The firm has a market capitalization of $304.23 million, a PE ratio of 18.97 and a beta of 0.53. The firm has a fifty day simple moving average of $20.72 and a two-hundred day simple moving average of $24.15. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. Natural Gas Services Group, Inc. has a 12 month low of $16.70 and a 12 month high of $29.74.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Monday, May 12th. The oil and gas company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $41.38 million during the quarter, compared to analyst estimates of $40.52 million. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. Analysts forecast that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Insider Buying and Selling at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $24.90, for a total value of $622,500.00. Following the completion of the sale, the director now directly owns 433,334 shares in the company, valued at approximately $10,790,016.60. The trade was a 5.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.08% of the stock is currently owned by company insiders.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.