Baupost Groupma buys $1,014.3 Million stake in Cheniere Energy (LNG)

Cheniere Energy (LNG) : Baupost Groupma scooped up 3,751,505 additional shares in Cheniere Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 29,841,174 shares of Cheniere Energy which is valued at $1,014.3 Million.Cheniere Energy makes up approximately 14.83% of Baupost Groupma’s portfolio.

Other Hedge Funds, Including , Pacer Advisors boosted its stake in LNG in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 4,417 shares of Cheniere Energy which is valued at $150,134. Cheniere Energy makes up approx 0.03% of Pacer Advisors’s portfolio.Profund Advisors boosted its stake in LNG in the latest quarter, The investment management firm added 447 additional shares and now holds a total of 10,880 shares of Cheniere Energy which is valued at $367,962. Cheniere Energy makes up approx 0.02% of Profund Advisors’s portfolio.Calvert Investment Management reduced its stake in LNG by selling 6,872 shares or 11.81% in the most recent quarter. The Hedge Fund company now holds 51,323 shares of LNG which is valued at $1.7 Million. Cheniere Energy makes up approx 0.08% of Calvert Investment Management’s portfolio.

Cheniere Energy opened for trading at $33.19 and hit $33.98 on the upside on Wednesday, eventually ending the session at $33.65, with a gain of 2.31% or 0.76 points. The heightened volatility saw the trading volume jump to 11,45,461 shares. Company has a market cap of $7,925 M.

On the company’s financial health, Cheniere Energy reported $-1.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.89 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.52. The company had revenue of $69.08 million for the quarter, compared to analysts expectations of $63.25 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.18 EPS.

Many Wall Street Analysts have commented on Cheniere Energy. Bernstein Initiated Cheniere Energy on May 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $38.Cheniere Energy was Initiated by JP Morgan to “Overweight” on Mar 4, 2016. Cheniere Energy was Upgraded by Goldman to ” Buy” on Feb 23, 2016.

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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