XTX Topco Ltd Makes New Investment in New Fortress Energy LLC (NASDAQ:NFE)

XTX Topco Ltd acquired a new stake in New Fortress Energy LLC (NASDAQ:NFE) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,072 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of New Fortress Energy by 2.0% in the fourth quarter. JPMorgan Chase & Co. now owns 48,250 shares of the company’s stock valued at $730,000 after purchasing an additional 935 shares in the last quarter. Victory Capital Management Inc. raised its stake in New Fortress Energy by 11.2% during the first quarter. Victory Capital Management Inc. now owns 21,474 shares of the company’s stock worth $178,000 after acquiring an additional 2,157 shares in the last quarter. Deutsche Bank AG raised its stake in New Fortress Energy by 3.0% during the fourth quarter. Deutsche Bank AG now owns 85,206 shares of the company’s stock worth $1,288,000 after acquiring an additional 2,463 shares in the last quarter. CWM LLC raised its stake in New Fortress Energy by 46.9% during the first quarter. CWM LLC now owns 9,065 shares of the company’s stock worth $75,000 after acquiring an additional 2,895 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in New Fortress Energy by 31.0% during the first quarter. Brown Advisory Inc. now owns 13,100 shares of the company’s stock worth $109,000 after acquiring an additional 3,100 shares in the last quarter. 58.61% of the stock is owned by institutional investors.

New Fortress Energy Stock Down 6.5%

NASDAQ:NFE opened at $2.45 on Wednesday. The firm has a market capitalization of $671.79 million, a price-to-earnings ratio of -1.09 and a beta of 1.08. New Fortress Energy LLC has a twelve month low of $2.01 and a twelve month high of $16.66. The stock’s 50 day moving average price is $3.23 and its two-hundred day moving average price is $6.42. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 4.77.

Wall Street Analyst Weigh In

Several analysts have recently commented on NFE shares. New Street Research set a $8.50 target price on New Fortress Energy in a report on Monday, June 30th. Stifel Nicolaus decreased their price target on New Fortress Energy from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Compass Point began coverage on New Fortress Energy in a report on Tuesday, July 1st. They issued a “buy” rating and a $8.50 price target on the stock. BTIG Research cut New Fortress Energy from a “buy” rating to a “neutral” rating in a report on Thursday, June 26th. Finally, Morgan Stanley set a $4.00 price target on New Fortress Energy and gave the company an “equal weight” rating in a report on Tuesday, May 27th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.43.

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.