Alpine Associates Management Inc. Buys Shares of 5,199,132 Tellurian Inc. (NYSEAMERICAN:TELL)

Alpine Associates Management Inc. bought a new stake in Tellurian Inc. (NYSEAMERICAN:TELL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,199,132 shares of the oil and gas producer’s stock, valued at approximately $5,033,000. Alpine Associates Management Inc. owned about 0.58% of Tellurian at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System lifted its position in shares of Tellurian by 6.8% during the second quarter. Arizona State Retirement System now owns 197,131 shares of the oil and gas producer’s stock worth $137,000 after purchasing an additional 12,516 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of Tellurian by 83.1% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 35,740 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 16,218 shares in the last quarter. Tanglewood Legacy Advisors LLC lifted its position in shares of Tellurian by 82.1% during the third quarter. Tanglewood Legacy Advisors LLC now owns 47,703 shares of the oil and gas producer’s stock worth $46,000 after purchasing an additional 21,500 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Tellurian by 88.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 28,236 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Tellurian by 16.0% during the second quarter. Cubist Systematic Strategies LLC now owns 205,672 shares of the oil and gas producer’s stock worth $142,000 after buying an additional 28,301 shares during the period. Institutional investors and hedge funds own 48.87% of the company’s stock.

Tellurian Stock Performance

TELL stock opened at $1.00 on Wednesday. The stock’s 50 day moving average price is $0.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27. Tellurian Inc. has a fifty-two week low of $0.36 and a fifty-two week high of $1.07. The stock has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56.

Tellurian Profile

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.