Brown Advisory Inc. Acquires 3,100 Shares of New Fortress Energy LLC (NASDAQ:NFE)

Brown Advisory Inc. lifted its position in shares of New Fortress Energy LLC (NASDAQ:NFE) by 31.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,100 shares of the company’s stock after purchasing an additional 3,100 shares during the quarter. Brown Advisory Inc.’s holdings in New Fortress Energy were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in New Fortress Energy during the fourth quarter valued at $64,000. Hardin Capital Partners LLC bought a new position in New Fortress Energy during the first quarter valued at approximately $83,000. Ancora Advisors LLC bought a new stake in shares of New Fortress Energy in the 4th quarter valued at approximately $91,000. Teacher Retirement System of Texas bought a new stake in shares of New Fortress Energy in the 1st quarter valued at approximately $130,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of New Fortress Energy by 101.9% during the 1st quarter. Golden State Wealth Management LLC now owns 15,751 shares of the company’s stock worth $131,000 after acquiring an additional 7,951 shares during the last quarter. 58.61% of the stock is owned by institutional investors.

New Fortress Energy Stock Up 6.6%

Shares of NASDAQ NFE opened at $4.01 on Thursday. New Fortress Energy LLC has a 12-month low of $2.01 and a 12-month high of $26.22. The company has a market cap of $1.10 billion, a P/E ratio of -1.78 and a beta of 1.30. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 4.77. The stock has a fifty day moving average price of $3.36 and a 200 day moving average price of $8.04.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. New Street Research set a $8.50 price target on New Fortress Energy in a report on Monday, June 30th. Morgan Stanley set a $4.00 target price on New Fortress Energy and gave the company an “equal weight” rating in a report on Tuesday, May 27th. Stifel Nicolaus dropped their price target on New Fortress Energy from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Citigroup lowered their price objective 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, Compass Point assumed coverage on New Fortress Energy in a research note on Tuesday, July 1st. They set a “buy” rating and a $8.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.75.

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.