SG Americas Securities LLC Sells 242,281 Shares of Tellurian Inc (NASDAQ:TELL)

SG Americas Securities LLC decreased its holdings in Tellurian Inc (NASDAQ:TELL) by 57.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 179,757 shares of the oil and gas producer’s stock after selling 242,281 shares during the quarter. SG Americas Securities LLC owned 0.07% of Tellurian worth $1,495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tellurian by 54.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,644 shares of the oil and gas producer’s stock valued at $47,000 after acquiring an additional 1,986 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in Tellurian by 12.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 437,148 shares of the oil and gas producer’s stock valued at $3,432,000 after acquiring an additional 47,687 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Tellurian during the 2nd quarter worth approximately $2,788,000. Aperio Group LLC bought a new position in shares of Tellurian during the 2nd quarter worth approximately $115,000. Finally, Morgan Stanley lifted its position in shares of Tellurian by 12.2% during the 2nd quarter. Morgan Stanley now owns 669,785 shares of the oil and gas producer’s stock worth $5,258,000 after buying an additional 73,019 shares in the last quarter. 21.56% of the stock is currently owned by institutional investors and hedge funds.

Tellurian stock opened at $7.75 on Friday. Tellurian Inc has a 52 week low of $5.12 and a 52 week high of $11.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.93 billion, a P/E ratio of -13.60 and a beta of 1.82. The company’s 50 day moving average price is $8.00 and its two-hundred day moving average price is $7.70.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Tellurian had a negative return on equity of 57.16% and a negative net margin of 677.62%. The company had revenue of $9.34 million for the quarter, compared to the consensus estimate of $13.60 million. On average, equities analysts anticipate that Tellurian Inc will post -0.68 EPS for the current year.

TELL has been the topic of several recent analyst reports. BidaskClub cut shares of Tellurian from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. ValuEngine cut shares of Tellurian from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut shares of Tellurian from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Evercore ISI initiated coverage on shares of Tellurian in a research report on Tuesday, September 17th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Raymond James dropped their target price on shares of Tellurian from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.33.

About Tellurian

Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.

Further Reading: G-20

Institutional Ownership by Quarter for Tellurian (NASDAQ:TELL)

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