Rhumbline Advisers Buys 17,339 Shares of GasLog Ltd (GLOG)
Rhumbline Advisers grew its stake in shares of GasLog Ltd (NYSE:GLOG) by 42.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 58,584 shares of the shipping company’s stock after purchasing an additional 17,339 shares during the period. Rhumbline Advisers owned about 0.07% of GasLog worth $964,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in GasLog during the fourth quarter valued at $31,000. Nisa Investment Advisors LLC bought a new position in GasLog during the fourth quarter valued at $223,000. Strs Ohio bought a new position in GasLog during the fourth quarter valued at $276,000. Jane Street Group LLC bought a new position in GasLog during the third quarter valued at $333,000. Finally, Jefferies Group LLC bought a new position in GasLog during the third quarter valued at $341,000. 42.34% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered GasLog from a “buy” rating to a “sell” rating in a report on Thursday, February 21st. Morgan Stanley lowered GasLog from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $22.00 to $20.00 in a report on Tuesday, January 22nd. ValuEngine lowered GasLog from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. DNB Markets raised GasLog from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Finally, TheStreet raised GasLog from a “c+” rating to a “b” rating in a report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. GasLog currently has an average rating of “Hold” and a consensus price target of $21.64.
GasLog (NYSE:GLOG) last posted its earnings results on Thursday, February 14th. The shipping company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.23. The firm had revenue of $188.64 million for the quarter, compared to the consensus estimate of $176.16 million. GasLog had a return on equity of 2.67% and a net margin of 7.71%. The business’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) earnings per share. On average, analysts predict that GasLog Ltd will post 0.91 earnings per share for the current fiscal year.
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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