Deutsche Bank AG boosted its position in shares of New Fortress Energy LLC (NASDAQ:NFE – Free Report) 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.

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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.

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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.

View Our Latest Stock Report on NFE

About New Fortress Energy

(Free Report)

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.

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