Cigogne Management SA Acquires Shares of 47,914 Adams Resources & Energy, Inc. (NYSE:AE)

Cigogne Management SA bought a new position in shares of Adams Resources & Energy, Inc. (NYSE:AE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 47,914 shares of the company’s stock, valued at approximately $1,809,000. Adams Resources & Energy comprises approximately 1.1% of Cigogne Management SA’s holdings, making the stock its 28th biggest holding. Cigogne Management SA owned about 1.86% of Adams Resources & Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC boosted its stake in Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after purchasing an additional 1,049 shares during the period. Geode Capital Management LLC boosted its position in shares of Adams Resources & Energy by 8.3% in the third quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock valued at $679,000 after acquiring an additional 1,916 shares during the period. Ascension Capital Advisors Inc. acquired a new position in shares of Adams Resources & Energy in the fourth quarter valued at about $201,000. Atria Investments Inc bought a new position in Adams Resources & Energy during the fourth quarter worth about $257,000. Finally, Raymond James Financial Inc. acquired a new stake in Adams Resources & Energy in the 4th quarter worth about $524,000. Institutional investors own 57.81% of the company’s stock.

Adams Resources & Energy Stock Performance

NYSE:AE opened at $37.98 on Thursday. The company has a market cap of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. Adams Resources & Energy, Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $38.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. The stock has a fifty day moving average price of $37.98 and a 200-day moving average price of $35.77.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Adams Resources & Energy in a report on Tuesday. They set a “buy” rating on the stock.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following segments: crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk, and pipeline transportation, terminalling and storage of crude oil.