JPMorgan Chase & Co. Boosts Holdings in GasLog Ltd (GLOG)

JPMorgan Chase & Co. increased its position in shares of GasLog Ltd (NYSE:GLOG) by 1,786.1% in the third quarter, HoldingsChannel reports. The firm owned 85,158 shares of the shipping company’s stock after acquiring an additional 80,643 shares during the quarter. JPMorgan Chase & Co.’s holdings in GasLog were worth $1,452,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH lifted its position in GasLog by 232.8% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 96,066 shares of the shipping company’s stock valued at $1,465,000 after acquiring an additional 67,200 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in GasLog by 19.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,800 shares of the shipping company’s stock valued at $1,126,000 after acquiring an additional 12,000 shares during the last quarter. Stifel Financial Corp lifted its position in GasLog by 43.4% in the second quarter. Stifel Financial Corp now owns 62,866 shares of the shipping company’s stock valued at $963,000 after acquiring an additional 19,021 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in GasLog by 53.4% in the third quarter. Frontier Capital Management Co. LLC now owns 1,670,536 shares of the shipping company’s stock valued at $29,151,000 after acquiring an additional 581,386 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in GasLog by 9.2% in the third quarter. Advisors Asset Management Inc. now owns 66,513 shares of the shipping company’s stock valued at $1,161,000 after acquiring an additional 5,610 shares during the last quarter. Hedge funds and other institutional investors own 47.83% of the company’s stock.

Shares of GasLog Ltd (GLOG) opened at $21.05 on Thursday. GasLog Ltd has a 1-year low of $12.75 and a 1-year high of $22.55. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.48. The company has a market cap of $1,700.00, a PE ratio of 60.14 and a beta of 1.27.

GasLog (NYSE:GLOG) last announced its earnings results on Thursday, November 2nd. The shipping company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. GasLog had a net margin of 7.34% and a return on equity of 0.19%. The business had revenue of $131.24 million during the quarter, compared to analysts’ expectations of $132.32 million. GasLog’s revenue was up 8.7% compared to the same quarter last year. sell-side analysts anticipate that GasLog Ltd will post 0.08 EPS for the current fiscal year.

GLOG has been the subject of a number of research reports. Jefferies Group reissued a “buy” rating and issued a $20.00 price target on shares of GasLog in a research report on Wednesday, October 11th. Stifel Nicolaus reissued a “buy” rating and issued a $19.00 price target on shares of GasLog in a research report on Friday, November 3rd. Zacks Investment Research raised shares of GasLog from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, DNB Markets cut shares of GasLog from a “buy” rating to a “hold” rating and set a $17.80 price target for the company. in a research report on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $18.98.

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About GasLog

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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Institutional Ownership by Quarter for GasLog (NYSE:GLOG)

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