Legal & General Group Plc Has $380,000 Holdings in GasLog LP. (GLOG)
Legal & General Group Plc continued to hold its stake in shares of GasLog LP. (NYSE:GLOG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,966 shares of the shipping company’s stock at the end of the second quarter. Legal & General Group Plc’s holdings in GasLog LP. were worth $380,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new position in GasLog LP. during the first quarter worth $182,000. Capital Management Associates NY bought a new position in GasLog LP. during the second quarter worth $290,000. Highbridge Capital Management LLC bought a new position in GasLog LP. during the first quarter worth $364,000. American International Group Inc. lifted its stake in GasLog LP. by 7.1% during the first quarter. American International Group Inc. now owns 25,198 shares of the shipping company’s stock worth $387,000 after purchasing an additional 1,670 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in GasLog LP. by 108.0% during the first quarter. Russell Investments Group Ltd. now owns 26,000 shares of the shipping company’s stock worth $399,000 after purchasing an additional 13,500 shares during the last quarter. Hedge funds and other institutional investors own 48.51% of the company’s stock.
Shares of GasLog LP. (GLOG) opened at 17.20 on Friday. The firm’s market capitalization is $1.38 billion. The firm has a 50-day moving average price of $16.83 and a 200 day moving average price of $15.47. GasLog LP. has a 12 month low of $12.75 and a 12 month high of $18.35.
GasLog LP. (NYSE:GLOG) last announced its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The company had revenue of $129.90 million during the quarter, compared to analyst estimates of $128.14 million. During the same period in the prior year, the firm earned ($0.01) EPS. GasLog LP.’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts anticipate that GasLog LP. will post $0.07 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. Morgan Stanley raised GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a research report on Tuesday, June 13th. BidaskClub raised GasLog LP. from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research lowered GasLog LP. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of GasLog LP. in a research report on Thursday, August 3rd. Finally, DNB Markets lowered GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 target price on the stock. in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.98.
GasLog LP. Profile
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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