Fmr LLC Has $30.63 Million Holdings in Hoegh LNG Partners LP (HMLP)

Fmr LLC grew its position in shares of Hoegh LNG Partners LP (NYSE:HMLP) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,995,306 shares of the shipping company’s stock after buying an additional 19,400 shares during the quarter. Fmr LLC owned 6.03% of Hoegh LNG Partners worth $30,628,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its position in Hoegh LNG Partners by 4,784.8% during the 4th quarter. Barclays PLC now owns 3,859 shares of the shipping company’s stock worth $59,000 after buying an additional 3,780 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of Hoegh LNG Partners during the 4th quarter worth $155,000. Bell Rock Capital LLC grew its stake in shares of Hoegh LNG Partners by 53.0% during the 4th quarter. Bell Rock Capital LLC now owns 11,400 shares of the shipping company’s stock worth $175,000 after purchasing an additional 3,950 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Hoegh LNG Partners during the 4th quarter worth $226,000. Finally, Acadian Asset Management LLC grew its stake in shares of Hoegh LNG Partners by 265.7% during the 4th quarter. Acadian Asset Management LLC now owns 29,150 shares of the shipping company’s stock worth $447,000 after purchasing an additional 21,179 shares during the period. Institutional investors own 23.96% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. Nordea Equity Research cut shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Finally, TheStreet raised shares of Hoegh LNG Partners from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $19.80.

Hoegh LNG Partners stock opened at $19.11 on Monday. Hoegh LNG Partners LP has a 12-month low of $14.50 and a 12-month high of $19.68. The stock has a market cap of $632.24 million, a price-to-earnings ratio of 10.50, a PEG ratio of 0.90 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.81 and a current ratio of 0.82.

Hoegh LNG Partners (NYSE:HMLP) last released its quarterly earnings results on Wednesday, February 27th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. Hoegh LNG Partners had a net margin of 52.96% and a return on equity of 18.94%. The company had revenue of $37.76 million for the quarter, compared to analysts’ expectations of $34.86 million. As a group, equities research analysts expect that Hoegh LNG Partners LP will post 1.77 EPS for the current fiscal year.

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Hoegh LNG Partners Profile

Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2018, it had a fleet of five FSRUs.

Further Reading: Average Daily Trade Volume Explained

Institutional Ownership by Quarter for Hoegh LNG Partners (NYSE:HMLP)

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