Cohen & Steers Inc. Acquires 15,810 Shares of GasLog Ltd (GLOG)
Cohen & Steers Inc. grew its holdings in GasLog Ltd (NYSE:GLOG) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,875 shares of the shipping company’s stock after purchasing an additional 15,810 shares during the quarter. Cohen & Steers Inc. owned approximately 0.25% of GasLog worth $3,273,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of GLOG. Quantamental Technologies LLC bought a new position in shares of GasLog during the 4th quarter worth approximately $31,000. Bessemer Group Inc. bought a new position in shares of GasLog during the 4th quarter worth approximately $37,000. Nisa Investment Advisors LLC bought a new position in shares of GasLog during the 4th quarter worth approximately $223,000. Strs Ohio bought a new position in shares of GasLog during the 4th quarter worth approximately $276,000. Finally, Jane Street Group LLC bought a new position in shares of GasLog during the 3rd quarter worth approximately $333,000. Institutional investors and hedge funds own 42.34% of the company’s stock.
GLOG has been the topic of several research analyst reports. ValuEngine downgraded shares of GasLog from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. TheStreet raised shares of GasLog from a “c+” rating to a “b” rating in a research report on Friday, November 16th. DNB Markets raised shares of GasLog from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. Zacks Investment Research downgraded shares of GasLog from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Morgan Stanley downgraded shares of GasLog from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $22.00 to $20.00 in a research report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $21.64.
GasLog (NYSE:GLOG) last released its quarterly earnings data on Thursday, February 14th. The shipping company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.31 by $0.23. The business had revenue of $188.64 million for the quarter, compared to the consensus estimate of $176.16 million. GasLog had a net margin of 7.71% and a return on equity of 2.67%. The business’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. On average, research analysts expect that GasLog Ltd will post 0.91 EPS for the current fiscal year.
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GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.
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