Apollon Wealth Management LLC Makes New $33,000 Investment in New Fortress Energy LLC $NFE

Apollon Wealth Management LLC purchased a new position in shares of New Fortress Energy LLC (NASDAQ:NFE) during the second quarter, Holdings Channel.com reports. The firm purchased 10,000 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of New Fortress Energy by 166.3% during the 2nd quarter. IFP Advisors Inc now owns 9,072 shares of the company’s stock worth $30,000 after buying an additional 5,665 shares in the last quarter. Hardin Capital Partners LLC boosted its holdings in shares of New Fortress Energy by 50.0% during the 2nd quarter. Hardin Capital Partners LLC now owns 15,000 shares of the company’s stock worth $54,000 after buying an additional 5,000 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of New Fortress Energy during the 2nd quarter worth approximately $56,000. US Bancorp DE lifted its holdings in shares of New Fortress Energy by 81.7% in the 1st quarter. US Bancorp DE now owns 8,534 shares of the company’s stock worth $71,000 after purchasing an additional 3,838 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of New Fortress Energy by 46.9% in the 1st quarter. CWM LLC now owns 9,065 shares of the company’s stock worth $75,000 after purchasing an additional 2,895 shares in the last quarter. 58.61% of the stock is currently owned by institutional investors.

New Fortress Energy Stock Performance

Shares of NFE opened at $1.92 on Monday. The company has a market cap of $546.34 million, a PE ratio of -0.50 and a beta of 1.26. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 5.77. The stock has a 50-day moving average price of $2.20 and a 200-day moving average price of $3.39. New Fortress Energy LLC has a 12-month low of $1.26 and a 12-month high of $16.66.

New Fortress Energy (NASDAQ:NFE) last issued its quarterly earnings results on Wednesday, June 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $679.00 million during the quarter. New Fortress Energy had a negative return on equity of 22.72% and a negative net margin of 48.94%. As a group, equities analysts forecast that New Fortress Energy LLC will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NFE. Capital One Financial restated an “underweight” rating on shares of New Fortress Energy in a research note on Monday, September 8th. Compass Point began coverage on New Fortress Energy in a research report on Tuesday, July 1st. They set a “buy” rating and a $8.50 target price for the company. Zacks Research lowered New Fortress Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Johnson Rice lowered New Fortress Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $7.00 to $4.00 in a report on Wednesday, August 13th. Finally, New Street Research set a $8.50 price objective on New Fortress Energy in a report on Monday, June 30th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently 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.