GasLog Ltd (GLOG) Holdings Trimmed by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its holdings in shares of GasLog Ltd (NYSE:GLOG) by 3.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 893,312 shares of the shipping company’s stock after selling 27,680 shares during the quarter. Peregrine Capital Management LLC’s holdings in GasLog were worth $17,643,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GLOG. Dimensional Fund Advisors LP boosted its holdings in shares of GasLog by 22.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,790,102 shares of the shipping company’s stock worth $45,897,000 after buying an additional 518,231 shares in the last quarter. Eagle Global Advisors LLC boosted its holdings in shares of GasLog by 11.1% during the 2nd quarter. Eagle Global Advisors LLC now owns 4,079,346 shares of the shipping company’s stock worth $77,916,000 after buying an additional 407,271 shares in the last quarter. Millennium Management LLC bought a new position in shares of GasLog during the 1st quarter worth approximately $5,407,000. Marshall Wace LLP bought a new position in shares of GasLog during the 2nd quarter worth approximately $4,349,000. Finally, FMR LLC boosted its holdings in shares of GasLog by 2.7% during the 2nd quarter. FMR LLC now owns 6,349,195 shares of the shipping company’s stock worth $121,270,000 after buying an additional 165,298 shares in the last quarter. Hedge funds and other institutional investors own 47.15% of the company’s stock.

Shares of GLOG opened at $21.06 on Friday. GasLog Ltd has a 12-month low of $15.75 and a 12-month high of $22.55. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.20 and a quick ratio of 1.17.

GasLog (NYSE:GLOG) last issued its earnings results on Thursday, August 2nd. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). GasLog had a negative return on equity of 0.31% and a net margin of 5.56%. The firm had revenue of $126.61 million during the quarter, compared to the consensus estimate of $139.78 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. GasLog’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, research analysts anticipate that GasLog Ltd will post 0.17 earnings per share for the current year.

GLOG has been the topic of a number of research analyst reports. Morgan Stanley upgraded GasLog from an “equal weight” rating to a “buy” rating in a report on Friday, August 24th. ValuEngine upgraded GasLog from a “hold” rating to a “buy” rating in a report on Friday, September 7th. DNB Markets upgraded GasLog from a “hold” rating to a “buy” rating and set a $17.80 price target on the stock in a report on Wednesday, September 5th. Berenberg Bank initiated coverage on GasLog in a report on Thursday, September 6th. They set a “buy” rating and a $22.00 price target on the stock. Finally, Zacks Investment Research upgraded GasLog from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.78.

About GasLog

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.

Further Reading: What is the balance sheet?

Want to see what other hedge funds are holding GLOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GasLog Ltd (NYSE:GLOG).

Institutional Ownership by Quarter for GasLog (NYSE:GLOG)

Receive News & Ratings for GasLog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply