Deutsche Bank AG Purchases 100,974 Shares of New Fortress Energy LLC $NFE

Deutsche Bank AG boosted its position in shares of New Fortress Energy LLC (NASDAQ:NFE) by 118.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 186,180 shares of the company’s stock after purchasing an additional 100,974 shares during the period. Deutsche Bank AG owned about 0.07% of New Fortress Energy worth $1,547,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NFE. Vanguard Group Inc. lifted its holdings in New Fortress Energy by 22.6% during the 1st quarter. Vanguard Group Inc. now owns 13,879,490 shares of the company’s stock valued at $115,339,000 after purchasing an additional 2,560,242 shares during the last quarter. American Assets Investment Management LLC lifted its holdings in New Fortress Energy by 888.8% during the 1st quarter. American Assets Investment Management LLC now owns 1,859,106 shares of the company’s stock valued at $15,449,000 after purchasing an additional 1,671,094 shares during the last quarter. Voya Investment Management LLC increased its position in New Fortress Energy by 6,417.1% in the 4th quarter. Voya Investment Management LLC now owns 1,307,455 shares of the company’s stock valued at $19,769,000 after acquiring an additional 1,287,393 shares in the last quarter. Shay Capital LLC acquired a new stake in New Fortress Energy in the 4th quarter valued at about $16,866,000. Finally, First Trust Advisors LP increased its position in New Fortress Energy by 275.7% in the 4th quarter. First Trust Advisors LP now owns 1,315,926 shares of the company’s stock valued at $19,897,000 after acquiring an additional 965,669 shares in the last quarter. 58.61% of the stock is owned by institutional investors.

New Fortress Energy Stock Up 10.0%

Shares of NASDAQ:NFE opened at $2.64 on Friday. New Fortress Energy LLC has a one year low of $2.01 and a one year high of $16.66. The company has a 50 day moving average of $3.13 and a 200-day moving average of $5.79. The company has a debt-to-equity ratio of 4.77, a current ratio of 1.00 and a quick ratio of 0.95. The stock has a market cap of $723.88 million, a price-to-earnings ratio of -1.17 and a beta of 1.08.

Analyst Ratings Changes

Several equities research analysts have weighed in on NFE shares. Johnson Rice cut shares of New Fortress Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $7.00 to $4.00 in a research report on Wednesday, August 13th. Zacks Research upgraded shares of New Fortress Energy to a “hold” rating in a research report on Monday, August 11th. New Street Research set a $8.50 price objective on shares of New Fortress Energy in a research report on Monday, June 30th. Compass Point started coverage on shares of New Fortress Energy in a research report on Tuesday, July 1st. They issued a “buy” rating and a $8.50 price objective for the company. Finally, BTIG Research cut shares of New Fortress Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, June 26th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.88.

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.