Analysis and Genie Energy Ltd (GNE) Earnings Review

Wall Street await Genie Energy Ltd (NYSE:GNE) to release earnings on March, 9. The stock increased 2.28% or $0.23 during the last trading session, hitting $10.32. About 67,457 shares traded hands or 11.65% up from the average. Genie Energy Ltd (NYSE:GNE) has declined 0.29% since July 31, 2015 and is downtrending. It has outperformed by 4.56% the S&P500.

The institutional sentiment decreased to 1.2 in 2015 Q3. Its down 1.13, from 2.33 in 2015Q2. The ratio turned negative, as 7 funds sold all Genie Energy Ltd shares owned while 13 reduced positions. 4 funds bought stakes while 20 increased positions. They now own 8.94 million shares or 95.76% more from 4.57 million shares in 2015Q2.

Greenwood Investments Inc. holds 4.57% of its portfolio in Genie Energy Ltd for 539,731 shares. Paragon Associates & Paragon Associates Ii Joint Venture owns 179,734 shares or 1.58% of their US portfolio. Moreover, Vnbtrust National Association has 0.72% invested in the company for 153,661 shares. The New York-based Salzhauer Michael has invested 0.18% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 48,667 shares.

Genie Energy Ltd. owns approximately 99.3% of its subsidiary, Genie Energy International Corporation, which wholly owns Genie Retail Energy and approximately 92% of Genie Oil and Gas, Inc. The company has a market cap of $254.80 million. The Firm operates in two divisions: Genie Retail Energy and Genie Oil and Gas. It currently has negative earnings. Genie Retail Energy is an independent supplier of electricity and natural gas to homes and small business in the Mid-Atlantic and Midwestern United States.

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