Fox Run Management L.L.C. acquired a new position in shares of GasLog Ltd (NYSE:GLOG) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 24,984 shares of the shipping company’s stock, valued at approximately $493,000.
Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in GasLog during the 2nd quarter worth approximately $115,000. Envestnet Asset Management Inc. lifted its stake in GasLog by 147.5% in the first quarter. Envestnet Asset Management Inc. now owns 7,385 shares of the shipping company’s stock valued at $121,000 after buying an additional 4,401 shares in the last quarter. Quantbot Technologies LP bought a new position in GasLog in the first quarter valued at approximately $181,000. Quantitative Systematic Strategies LLC bought a new position in GasLog in the second quarter valued at approximately $306,000. Finally, Element Capital Management LLC bought a new position in GasLog in the first quarter valued at approximately $293,000. 47.12% of the stock is currently owned by institutional investors and hedge funds.
NYSE GLOG opened at $20.06 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.20 and a debt-to-equity ratio of 1.58. GasLog Ltd has a 12-month low of $15.75 and a 12-month high of $22.55.
GasLog (NYSE:GLOG) last posted its quarterly earnings data on Thursday, August 2nd. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.05). GasLog had a net margin of 5.56% and a negative return on equity of 0.31%. The business had revenue of $126.61 million during the quarter, compared to analyst estimates of $139.78 million. During the same quarter last year, the business earned ($0.03) earnings per share. GasLog’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, sell-side analysts predict that GasLog Ltd will post 0.15 earnings per share for the current year.
GLOG has been the topic of a number of research reports. Zacks Investment Research lowered shares of GasLog from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 17th. BTIG Research initiated coverage on shares of GasLog in a research note on Wednesday, July 18th. They issued a “buy” rating and a $23.00 price target on the stock. ValuEngine lowered shares of GasLog from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Morgan Stanley raised shares of GasLog from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $22.00 in a research note on Thursday, August 9th. Finally, DNB Markets raised shares of GasLog from a “hold” rating to a “buy” rating and set a $17.80 price target on the stock in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $21.20.
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.
Further Reading: Ex-Dividend
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