State Board of Administration of Florida Retirement System continued to hold its stake in shares of GasLog LP. (NYSE:GLOG) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,637 shares of the shipping company’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in GasLog LP. were worth $317,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC raised its stake in GasLog LP. by 27.6% in the fourth quarter. Guggenheim Capital LLC now owns 164,128 shares of the shipping company’s stock valued at $2,642,000 after buying an additional 35,479 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of GasLog LP. during the fourth quarter worth $204,000. State Street Corp increased its position in GasLog LP. by 9.4% in the fourth quarter. State Street Corp now owns 708,654 shares of the shipping company’s stock valued at $11,411,000 after buying an additional 61,071 shares during the last quarter. Nationwide Fund Advisors increased its position in GasLog LP. by 112.8% in the first quarter. Nationwide Fund Advisors now owns 57,358 shares of the shipping company’s stock valued at $880,000 after buying an additional 30,406 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in GasLog LP. by 4.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 28,350 shares of the shipping company’s stock valued at $456,000 after buying an additional 1,100 shares during the last quarter. 47.20% of the stock is currently owned by hedge funds and other institutional investors.
GasLog LP. (GLOG) traded up 1.12% during mid-day trading on Friday, hitting $18.10. 428,394 shares of the stock traded hands. GasLog LP. has a 1-year low of $12.32 and a 1-year high of $18.20. The stock’s market cap is $1.46 billion. The company’s 50 day moving average price is $15.81 and its 200-day moving average price is $15.22.
GasLog LP. (NYSE:GLOG) last issued its earnings results on Friday, May 5th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. GasLog LP. had a return on equity of 0.63% and a net margin of 0.65%. The business had revenue of $128.30 million during the quarter, compared to the consensus estimate of $129.35 million. During the same period last year, the company earned ($0.09) EPS. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. Analysts predict that GasLog LP. will post $0.25 earnings per share for the current year.
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A number of brokerages recently weighed in on GLOG. BidaskClub raised shares of GasLog LP. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. ValuEngine raised shares of GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Morgan Stanley raised shares of GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 price target for the company in a research note on Tuesday, June 13th. Credit Suisse Group assumed coverage on shares of GasLog LP. in a report on Tuesday, April 25th. They set an “outperform” rating and a $21.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. GasLog LP. presently has a consensus rating of “Buy” and a consensus target price of $19.13.
GasLog LP. Company 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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