Delta Financial Group Inc. Takes $183,000 Position in New Fortress Energy Inc. (NASDAQ:NFE)

Delta Financial Group Inc. acquired a new position in New Fortress Energy Inc. (NASDAQ:NFE) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 12,084 shares of the company’s stock, valued at approximately $183,000.

A number of other large investors have also recently added to or reduced their stakes in NFE. Creative Planning purchased a new stake in shares of New Fortress Energy in the third quarter valued at about $214,000. Signaturefd LLC raised its position in shares of New Fortress Energy by 409.1% during the 3rd quarter. Signaturefd LLC now owns 4,124 shares of the company’s stock worth $37,000 after purchasing an additional 3,314 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in New Fortress Energy in the 3rd quarter valued at approximately $890,000. US Bancorp DE raised its holdings in shares of New Fortress Energy by 344.6% in the third quarter. US Bancorp DE now owns 3,570 shares of the company’s stock worth $32,000 after acquiring an additional 2,767 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in shares of New Fortress Energy by 27.4% in the third quarter. Crestwood Advisors Group LLC now owns 108,031 shares of the company’s stock valued at $982,000 after acquiring an additional 23,225 shares in the last quarter. 58.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 price objective for the company in a research report on Wednesday, December 4th. Stifel Nicolaus raised their target price on shares of New Fortress Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, New Fortress Energy has a consensus rating of “Hold” and an average price target of $15.40.

New Fortress Energy Stock Down 7.3 %

NFE opened at $11.17 on Monday. New Fortress Energy Inc. has a 12 month low of $7.82 and a 12 month high of $35.58. The business has a 50-day moving average of $14.00 and a two-hundred day moving average of $11.80. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.38 and a quick ratio of 0.35. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 12.27 and a beta of 1.49.

New Fortress Energy Company Profile

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.