Dimensional Fund Advisors LP Sells 30,198 Shares of GasLog Ltd (GLOG)

Dimensional Fund Advisors LP decreased its position in shares of GasLog Ltd (NYSE:GLOG) by 1.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,165,116 shares of the shipping company’s stock after selling 30,198 shares during the quarter. Dimensional Fund Advisors LP’s holdings in GasLog were worth $37,780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of GasLog by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,429 shares of the shipping company’s stock worth $479,000 after buying an additional 821 shares in the last quarter. Rhumbline Advisers grew its position in shares of GasLog by 2.8% during the 2nd quarter. Rhumbline Advisers now owns 50,145 shares of the shipping company’s stock worth $765,000 after buying an additional 1,350 shares in the last quarter. Teachers Advisors LLC grew its position in shares of GasLog by 2.5% during the 2nd quarter. Teachers Advisors LLC now owns 74,734 shares of the shipping company’s stock worth $1,140,000 after buying an additional 1,793 shares in the last quarter. Voya Investment Management LLC grew its position in shares of GasLog by 12.3% during the 2nd quarter. Voya Investment Management LLC now owns 21,754 shares of the shipping company’s stock worth $332,000 after buying an additional 2,376 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of GasLog by 23.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock worth $193,000 after buying an additional 2,403 shares in the last quarter. 47.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of GasLog Ltd (NYSE:GLOG) opened at $21.60 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.41 and a current ratio of 1.45. The firm has a market capitalization of $1,738.00, a price-to-earnings ratio of 431.00 and a beta of 1.27. GasLog Ltd has a 12 month low of $12.75 and a 12 month high of $22.55.

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

A number of equities research analysts recently weighed in on the company. Jefferies Group assumed coverage on GasLog in a research note on Monday, December 18th. They set a “buy” rating and a $20.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $19.00 price objective on shares of GasLog in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded GasLog from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price 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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