Healthcare of Ontario Pension Plan Trust Fund Invests $2.87 Million in Tellurian Inc. (NYSEAMERICAN:TELL)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Tellurian Inc. (NYSEAMERICAN:TELL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,961,311 shares of the oil and gas producer’s stock, valued at approximately $2,867,000.

Several other hedge funds also recently added to or reduced their stakes in TELL. Charles Schwab Investment Management Inc. grew its position in Tellurian by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,289,747 shares of the oil and gas producer’s stock worth $5,120,000 after purchasing an additional 521,603 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Tellurian during the third quarter valued at $5,033,000. Wolverine Asset Management LLC acquired a new position in shares of Tellurian in the 3rd quarter valued at $160,000. Olympiad Research LP purchased a new position in Tellurian in the 3rd quarter worth $1,996,000. Finally, Moloney Securities Asset Management LLC lifted its position in Tellurian by 33.3% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 200,003 shares of the oil and gas producer’s stock worth $194,000 after acquiring an additional 50,000 shares during the period. 48.87% of the stock is owned by institutional investors and hedge funds.

Tellurian Stock Performance

Shares of TELL stock opened at $1.00 on Friday. Tellurian Inc. has a fifty-two week low of $0.36 and a fifty-two week high of $1.07. The firm has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $0.74.

Tellurian Company 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.