Raymond James & Associates Sells 140,608 Shares of Tellurian Inc. (NYSEAMERICAN:TELL)

Raymond James & Associates lessened its stake in Tellurian Inc. (NYSEAMERICAN:TELLFree Report) by 72.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,061 shares of the oil and gas producer’s stock after selling 140,608 shares during the quarter. Raymond James & Associates’ holdings in Tellurian were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Centiva Capital LP grew its stake in shares of Tellurian by 20.0% during the 2nd quarter. Centiva Capital LP now owns 30,000 shares of the oil and gas producer’s stock valued at $90,000 after purchasing an additional 5,000 shares during the period. Macquarie Group Ltd. grew its stake in shares of Tellurian by 0.3% during the 2nd quarter. Macquarie Group Ltd. now owns 2,063,144 shares of the oil and gas producer’s stock valued at $6,148,000 after purchasing an additional 5,644 shares during the period. Blair William & Co. IL grew its stake in shares of Tellurian by 69.9% during the 1st quarter. Blair William & Co. IL now owns 17,986 shares of the oil and gas producer’s stock valued at $95,000 after purchasing an additional 7,399 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Tellurian by 25.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,110 shares of the oil and gas producer’s stock valued at $207,000 after purchasing an additional 8,037 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Tellurian by 31.7% during the 2nd quarter. Prudential Financial Inc. now owns 33,740 shares of the oil and gas producer’s stock valued at $168,000 after purchasing an additional 8,120 shares during the period. Hedge funds and other institutional investors own 32.62% of the company’s stock.

Tellurian Stock Up 11.1 %

Tellurian stock opened at $0.55 on Friday. The company’s 50-day moving average price is $0.97. The company has a market cap of $347.19 million, a P/E ratio of -2.49 and a beta of 2.24. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.87. Tellurian Inc. has a 52-week low of $0.36 and a 52-week high of $1.93.

Insider Activity at Tellurian

In other Tellurian news, Director Jonathan S. Gross purchased 120,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost of $0.67 per share, with a total value of $80,400.00. Following the acquisition, the director now owns 460,000 shares in the company, valued at $308,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.20% of the stock is currently owned by corporate insiders.

About Tellurian

(Free Report)

Tellurian Inc engages in the natural gas business worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline. It owns interests in 27,689 net acres of natural gas assets and 143 producing wells located in the Haynesville Shale trend of northern Louisiana.

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Institutional Ownership by Quarter for Tellurian (NYSEAMERICAN:TELL)

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