State Board of Administration of Florida Retirement System boosted its position in GasLog LP (NYSE:GLOG) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,637 shares of the company’s stock after buying an additional 808 shares during the period. State Board of Administration of Florida Retirement System’s holdings in GasLog were worth $268,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of GasLog by 154.4% in the first quarter. IFP Advisors Inc now owns 11,535 shares of the company’s stock worth $112,000 after buying an additional 7,000 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of GasLog by 19.9% in the second quarter. Advisory Services Network LLC now owns 10,721 shares of the company’s stock worth $139,000 after buying an additional 1,778 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of GasLog during the first quarter worth $193,000. Strs Ohio bought a new stake in shares of GasLog during the second quarter worth $237,000. Finally, Geode Capital Management LLC raised its stake in shares of GasLog by 6.5% in the first quarter. Geode Capital Management LLC now owns 42,559 shares of the company’s stock worth $414,000 after buying an additional 2,605 shares during the last quarter. 47.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of GasLog LP (NYSE:GLOG) traded down 0.67% on Friday, reaching $16.37. 669,598 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $14.07 and a 200-day moving average price of $12.96. The company’s market cap is $1.32 billion. GasLog LP has a 12-month low of $5.24 and a 12-month high of $16.80.
GasLog (NYSE:GLOG) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.05. The firm had revenue of $114.50 million for the quarter, compared to analysts’ expectations of $111.04 million. GasLog had a negative net margin of 5.90% and a negative return on equity of 0.70%. The firm’s revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that GasLog LP will post $0.01 EPS for the current fiscal year.
A number of research analysts recently issued reports on the stock. Jefferies Group reissued a “buy” rating on shares of GasLog in a research report on Monday, August 22nd. Zacks Investment Research cut shares of GasLog from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Finally, Citigroup Inc. lifted their price target on shares of GasLog from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.50.
GasLog Company Profile
GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the liquefied natural gas (LNG) market. The Company is provides maritime services for the transportation of LNG on worldwide basis and LNG vessel management services.
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