Peregrine Capital Management LLC reduced its position in GasLog LP. (NYSE:GLOG) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,020,387 shares of the shipping company’s stock after selling 74,836 shares during the quarter. Peregrine Capital Management LLC owned about 1.27% of GasLog LP. worth $17,806,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new position in GasLog LP. in the first quarter worth $182,000. Cubist Systematic Strategies LLC grew its holdings in GasLog LP. by 23.4% in the second quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock worth $193,000 after purchasing an additional 2,403 shares during the last quarter. QS Investors LLC purchased a new position in GasLog LP. in the second quarter worth $194,000. Ameriprise Financial Inc. purchased a new position in GasLog LP. in the second quarter worth $244,000. Finally, Capital Management Associates NY purchased a new position in GasLog LP. in the second quarter worth $290,000. 48.53% of the stock is currently owned by institutional investors and hedge funds.
GLOG has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of GasLog LP. in a report on Wednesday, October 11th. BidaskClub downgraded shares of GasLog LP. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Finally, DNB Markets downgraded shares of GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 price objective for the company. in a research note on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $18.98.
Shares of GasLog LP. (GLOG) opened at 17.25 on Wednesday. The stock’s 50 day moving average is $17.11 and its 200 day moving average is $15.76. The firm’s market capitalization is $1.38 billion. GasLog LP. has a 1-year low of $12.75 and a 1-year high of $18.35.
GasLog LP. (NYSE:GLOG) last posted its earnings results on Thursday, August 3rd. The shipping company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The company had revenue of $129.90 million during the quarter, compared to analysts’ expectations of $128.14 million. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the business earned ($0.01) earnings per share. Equities analysts predict that GasLog LP. will post $0.08 earnings per share for the current year.
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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