Janus Henderson Group PLC Buys 31,201 Shares of New Fortress Energy Inc. (NASDAQ:NFE)

Janus Henderson Group PLC lifted its stake in shares of New Fortress Energy Inc. (NASDAQ:NFE) by 26.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,185 shares of the company’s stock after acquiring an additional 31,201 shares during the quarter. Janus Henderson Group PLC owned about 0.07% of New Fortress Energy worth $1,347,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC lifted its holdings in New Fortress Energy by 987.8% in the 2nd quarter. ORG Partners LLC now owns 3,753 shares of the company’s stock worth $77,000 after purchasing an additional 3,408 shares during the last quarter. American National Bank acquired a new stake in shares of New Fortress Energy in the second quarter worth $26,000. Bank of New York Mellon Corp boosted its holdings in shares of New Fortress Energy by 10.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 468,056 shares of the company’s stock worth $10,288,000 after buying an additional 45,924 shares during the period. Commonwealth Equity Services LLC grew its stake in New Fortress Energy by 4.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,719 shares of the company’s stock valued at $477,000 after buying an additional 999 shares during the last quarter. Finally, Versor Investments LP acquired a new position in New Fortress Energy in the 2nd quarter valued at $268,000. Institutional investors and hedge funds own 58.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NFE shares. BTIG Research decreased their price target on shares of New Fortress Energy from $35.00 to $15.00 and set a “buy” rating for the company in a report on Friday, September 13th. Morgan Stanley downgraded New Fortress Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $35.00 to $15.00 in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 target price on the stock in a report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.33.

New Fortress Energy Stock Down 2.5 %

NFE stock opened at $12.80 on Friday. The business’s 50-day simple moving average is $9.78 and its 200 day simple moving average is $14.52. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 4.06. The company has a market cap of $3.22 billion, a PE ratio of 14.07 and a beta of 1.60. New Fortress Energy Inc. has a twelve month low of $7.82 and a twelve month high of $39.26.

Insider Transactions at New Fortress Energy

In other New Fortress Energy news, CEO Wesley R. Edens acquired 5,793,742 shares of New Fortress Energy stock in a transaction dated Tuesday, October 1st. The stock was bought at an average cost of $8.63 per share, with a total value of $49,999,993.46. Following the acquisition, the chief executive officer now owns 35,721,915 shares of the company’s stock, valued at approximately $308,280,126.45. The trade was a 19.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 37.10% of the stock is owned by insiders.

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.