Bank of New York Mellon Corp raised its position in GasLog Ltd (NYSE:GLOG) by 444.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 772,902 shares of the shipping company’s stock after acquiring an additional 630,846 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.96% of GasLog worth $13,487,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in GLOG. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of GasLog by 232.8% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 96,066 shares of the shipping company’s stock valued at $1,465,000 after purchasing an additional 67,200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of GasLog by 19.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,800 shares of the shipping company’s stock valued at $1,126,000 after purchasing an additional 12,000 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of GasLog by 43.4% during the 2nd quarter. Stifel Financial Corp now owns 62,866 shares of the shipping company’s stock valued at $963,000 after purchasing an additional 19,021 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of GasLog by 15.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 60,903 shares of the shipping company’s stock valued at $929,000 after purchasing an additional 8,198 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of GasLog by 53.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,670,536 shares of the shipping company’s stock valued at $29,151,000 after purchasing an additional 581,386 shares in the last quarter. Hedge funds and other institutional investors own 47.83% of the company’s stock.
GLOG has been the topic of a number of research reports. Zacks Investment Research lowered shares of GasLog from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Jefferies Group reaffirmed a “buy” rating and set a $20.00 target price on shares of GasLog in a research note on Wednesday, October 11th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $19.00 price objective on shares of GasLog in a research note on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.98.
GasLog Ltd (NYSE GLOG) traded up $0.05 during trading hours on Friday, reaching $21.60. 272,493 shares of the company traded hands, compared to its average volume of 404,017. GasLog Ltd has a 1-year low of $12.75 and a 1-year high of $22.55. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.45 and a quick ratio of 1.41. The company has a market capitalization of $1,740.00, a price-to-earnings ratio of 61.71 and a beta of 1.27.
GasLog (NYSE:GLOG) last posted its quarterly earnings data on Thursday, November 2nd. The shipping company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. GasLog had a net margin of 7.34% and a return on equity of 0.19%. The business had revenue of $131.24 million for the quarter, compared to analyst estimates of $132.32 million. The company’s revenue 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 year.
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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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