Charles Schwab Investment Management Inc. Raises Stock Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Charles Schwab Investment Management Inc. lifted its holdings in Natural Gas Services Group, Inc. (NYSE:NGS) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,148 shares of the oil and gas company’s stock after acquiring an additional 1,485 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Natural Gas Services Group were worth $595,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Natural Gas Services Group by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 921,915 shares of the oil and gas company’s stock worth $18,548,000 after purchasing an additional 18,001 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Natural Gas Services Group by 5.1% in the second quarter. Renaissance Technologies LLC now owns 399,342 shares of the oil and gas company’s stock worth $8,035,000 after buying an additional 19,543 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Natural Gas Services Group by 5.8% during the second quarter. American Century Companies Inc. now owns 127,330 shares of the oil and gas company’s stock worth $2,562,000 after acquiring an additional 7,021 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Natural Gas Services Group by 80.1% during the second quarter. Assenagon Asset Management S.A. now owns 91,427 shares of the oil and gas company’s stock valued at $1,840,000 after acquiring an additional 40,672 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Natural Gas Services Group by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 88,857 shares of the oil and gas company’s stock valued at $1,698,000 after acquiring an additional 4,422 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Insider Activity at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 2,191 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.50, for a total transaction of $53,679.50. Following the sale, the director now owns 538,387 shares in the company, valued at approximately $13,190,481.50. This represents a 0.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 40,892 shares of company stock valued at $1,076,633 over the last 90 days. 7.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Natural Gas Services Group Stock Down 5.8 %

Shares of NGS opened at $23.97 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The stock has a market capitalization of $298.91 million, a price-to-earnings ratio of 18.73 and a beta of 1.14. Natural Gas Services Group, Inc. has a 1 year low of $13.65 and a 1 year high of $28.50. The business’s 50 day simple moving average is $23.61 and its 200-day simple moving average is $21.24.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.