Falcon Edge Capital Lp Lowers stake in Cheniere Energy (LNG)

Cheniere Energy (LNG) : Falcon Edge Capital Lp reduced its stake in Cheniere Energy by 24.18% during the most recent quarter end. The investment management company now holds a total of 3,464,514 shares of Cheniere Energy which is valued at $125,172,891 after selling 1,105,000 shares in Cheniere Energy , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Cheniere Energy makes up approximately 12.04% of Falcon Edge Capital Lp’s portfolio.

Other Hedge Funds, Including , Comerica Bank boosted its stake in LNG in the latest quarter, The investment management firm added 198 additional shares and now holds a total of 15,756 shares of Cheniere Energy which is valued at $589,274. Cheniere Energy makes up approx 0.01% of Comerica Bank’s portfolio. Wilbanks Smith Thomas Asset Management added LNG to its portfolio by purchasing 5,362 company shares during the most recent quarter which is valued at $200,968. Cheniere Energy makes up approx 0.02% of Wilbanks Smith Thomas Asset Management’s portfolio.Sg Americas Securities reduced its stake in LNG by selling 10,388 shares or 77.66% in the most recent quarter. The Hedge Fund company now holds 2,988 shares of LNG which is valued at $111,990.Somerset Group reduced its stake in LNG by selling 3,000 shares or 13.59% in the most recent quarter. The Hedge Fund company now holds 19,072 shares of LNG which is valued at $714,819. Cheniere Energy makes up approx 0.75% of Somerset Group’s portfolio.

Cheniere Energy opened for trading at $38.4 and hit $39.2 on the upside on Monday, eventually ending the session at $38.45, with a gain of 1.53% or 0.58 points. The heightened volatility saw the trading volume jump to 42,06,206 shares. Company has a market cap of $9,035 M.

On the company’s financial health, Cheniere Energy reported $-0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.47 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.88. The company had revenue of $465.70 million for the quarter, compared to analysts expectations of $233.49 million. The company’s revenue was up 604.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.31 EPS.

Many Wall Street Analysts have commented on Cheniere Energy. Cheniere Energy was Resumed by Credit Suisse to “Outperform” on Oct 12, 2016. Shares were Reiterated by Barclays on Sep 6, 2016 to “Overweight” and Lowered the Price Target to $ 53 from a previous price target of $64 .

Cheniere Energy Inc. is an energy company engaged in Liquefied natural gas (LNG) businesses. The Company operates through two segments: LNG terminal business and LNG and natural gas marketing business The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners L.P. (Cheniere Partners) which is a publicly traded limited partnership. The Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings LLC (Cheniere Holdings) which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish Louisiana and the Corpus Christi LNG terminal near Corpus Christi Texas.

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