Charles Schwab Investment Management Inc. Has $7.87 Million Position in New Fortress Energy LLC $NFE

Charles Schwab Investment Management Inc. grew its stake in New Fortress Energy LLC (NASDAQ:NFE) by 48.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 946,566 shares of the company’s stock after purchasing an additional 307,372 shares during the period. Charles Schwab Investment Management Inc. owned about 0.35% of New Fortress Energy worth $7,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers boosted its position in New Fortress Energy by 552.2% during the 4th quarter. Cetera Investment Advisers now owns 130,650 shares of the company’s stock worth $1,975,000 after buying an additional 110,617 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in New Fortress Energy by 32.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,470,832 shares of the company’s stock worth $22,239,000 after buying an additional 359,421 shares during the period. Two Sigma Investments LP boosted its position in New Fortress Energy by 186.9% during the 4th quarter. Two Sigma Investments LP now owns 170,852 shares of the company’s stock worth $2,583,000 after buying an additional 111,300 shares during the period. Mork Capital Management LLC bought a new position in New Fortress Energy during the 4th quarter worth approximately $1,046,000. Finally, American Assets Investment Management LLC increased its stake in shares of New Fortress Energy by 888.8% in 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 acquiring an additional 1,671,094 shares in the last quarter. 58.61% of the stock is currently owned by institutional investors and hedge funds.

New Fortress Energy Price Performance

NFE opened at $2.61 on Tuesday. 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 company has a market capitalization of $715.66 million, a price-to-earnings ratio of -1.16 and a beta of 1.08. The firm’s fifty day moving average price is $3.13 and its two-hundred day moving average price is $5.62. New Fortress Energy LLC has a 1 year low of $2.01 and a 1 year high of $16.66.

Analyst Ratings Changes

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