Universal Beteiligungs und Servicegesellschaft mbH Makes New $103,000 Investment in New Fortress Energy LLC (NASDAQ:NFE)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in New Fortress Energy LLC (NASDAQ:NFE) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,453 shares of the company’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFE. Quarry LP purchased a new stake in New Fortress Energy in the fourth quarter worth $64,000. CWM LLC increased its stake in shares of New Fortress Energy by 46.9% during the first quarter. CWM LLC now owns 9,065 shares of the company’s stock valued at $75,000 after buying an additional 2,895 shares during the period. Hardin Capital Partners LLC purchased a new position in shares of New Fortress Energy during the first quarter valued at $83,000. Forum Financial Management LP purchased a new position in shares of New Fortress Energy during the first quarter valued at $87,000. Finally, Ancora Advisors LLC purchased a new position in shares of New Fortress Energy during the fourth quarter valued at $91,000. Hedge funds and other institutional investors own 58.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NFE. BTIG Research lowered New Fortress Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, June 26th. Citigroup cut their price target on New Fortress Energy from $34.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley set a $4.00 price target on New Fortress Energy and gave the company an “equal weight” rating in a research note on Tuesday, May 27th. New Street Research set a $8.50 price target on New Fortress Energy in a research note on Monday, June 30th. Finally, Compass Point began 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.43.

New Fortress Energy Price Performance

Shares of NFE stock opened at $3.27 on Wednesday. New Fortress Energy LLC has a 1-year low of $2.01 and a 1-year high of $17.21. The stock’s 50-day moving average is $3.21 and its 200 day moving average is $6.87. The company has a market cap of $896.63 million, a P/E ratio of -1.45 and a beta of 1.08. The company has a debt-to-equity ratio of 4.77, a current ratio of 1.00 and a quick ratio of 0.95.

About New Fortress Energy

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.