Rhumbline Advisers lifted its stake in GasLog Ltd (NYSE:GLOG) by 3.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 60,337 shares of the shipping company’s stock after acquiring an additional 1,753 shares during the quarter. Rhumbline Advisers owned 0.07% of GasLog worth $1,053,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of GasLog by 45.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 154,918 shares of the shipping company’s stock worth $3,058,000 after purchasing an additional 48,060 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of GasLog by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 226,928 shares of the shipping company’s stock worth $4,482,000 after acquiring an additional 7,375 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of GasLog by 3.4% during the 3rd quarter. Vanguard Group Inc now owns 226,928 shares of the shipping company’s stock worth $4,482,000 after acquiring an additional 7,375 shares during the last quarter. Strs Ohio acquired a new position in shares of GasLog during the 4th quarter worth approximately $276,000. Finally, Quantamental Technologies LLC acquired a new position in shares of GasLog during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 41.92% of the company’s stock.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised GasLog from a “sell” rating to a “hold” rating in a report on Tuesday, June 25th. ValuEngine lowered GasLog from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Stifel Nicolaus raised GasLog from a “hold” rating to a “buy” rating and upped their price objective for the company from $17.00 to $18.00 in a report on Tuesday, June 25th. Finally, TheStreet lowered GasLog from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $21.53.
GasLog (NYSE:GLOG) last released its earnings results on Friday, May 3rd. The shipping company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $166.55 million during the quarter, compared to the consensus estimate of $152.94 million. GasLog had a return on equity of 3.13% and a net margin of 2.70%. The company’s revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) EPS. Analysts forecast that GasLog Ltd will post 0.72 EPS for the current fiscal year.
GasLog Company Profile
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 March 5, 2019, its owned fleet consisted of 34 LNG carriers, including 25 ships on the water and 9 on order.
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