Capital Management Associates NY grew its position in Golar LNG Limited (NASDAQ:GLNG) by 100.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,000 shares of the shipping company’s stock after purchasing an additional 9,500 shares during the quarter. Capital Management Associates NY’s holdings in Golar LNG Limited were worth $430,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of GLNG. Teachers Advisors LLC grew its position in shares of Golar LNG Limited by 3.6% in the first quarter. Teachers Advisors LLC now owns 165,717 shares of the shipping company’s stock valued at $4,628,000 after purchasing an additional 5,767 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Golar LNG Limited by 2.3% in the first quarter. Vanguard Group Inc. now owns 213,180 shares of the shipping company’s stock valued at $5,954,000 after buying an additional 4,739 shares during the period. Geode Capital Management LLC boosted its stake in shares of Golar LNG Limited by 19.5% in the first quarter. Geode Capital Management LLC now owns 233,239 shares of the shipping company’s stock valued at $6,514,000 after buying an additional 38,057 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Golar LNG Limited by 7.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 278,987 shares of the shipping company’s stock valued at $7,793,000 after buying an additional 20,350 shares during the period. Finally, State Street Corp boosted its stake in shares of Golar LNG Limited by 3.2% in the first quarter. State Street Corp now owns 1,633,946 shares of the shipping company’s stock valued at $45,635,000 after buying an additional 50,051 shares during the period. 87.83% of the stock is currently owned by institutional investors.
Golar LNG Limited (GLNG) traded down $0.12 during midday trading on Tuesday, reaching $23.73. The company’s stock had a trading volume of 811,400 shares, compared to its average volume of 1,192,647. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.51 and a quick ratio of 0.51. Golar LNG Limited has a 12-month low of $19.32 and a 12-month high of $29.18.
Golar LNG Limited (NASDAQ:GLNG) last released its earnings results on Wednesday, August 30th. The shipping company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.11). The business had revenue of $28.41 million for the quarter, compared to the consensus estimate of $17.03 million. Golar LNG Limited had a negative return on equity of 7.78% and a negative net margin of 179.35%. analysts predict that Golar LNG Limited will post -1.73 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Golar LNG Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Cowen and Company reiterated an “outperform” rating and issued a $45.00 price target on shares of Golar LNG Limited in a research note on Thursday, August 31st. ValuEngine cut Golar LNG Limited from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and issued a $31.00 price target (down from $32.00) on shares of Golar LNG Limited in a research note on Friday, September 1st. Finally, Citigroup Inc. cut their price target on Golar LNG Limited from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $34.67.
Golar LNG Limited Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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