Ashburton Jersey Ltd bought a new position in Golar LNG Limited (NASDAQ:GLNG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 40,960 shares of the shipping company’s stock, valued at approximately $926,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLNG. Amalgamated Bank increased its position in shares of Golar LNG Limited by 1.0% during the 2nd quarter. Amalgamated Bank now owns 12,181 shares of the shipping company’s stock valued at $271,000 after purchasing an additional 118 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Golar LNG Limited by 2.5% during the 2nd quarter. Principal Financial Group Inc. now owns 11,939 shares of the shipping company’s stock valued at $266,000 after purchasing an additional 292 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Golar LNG Limited by 10.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 9,600 shares of the shipping company’s stock valued at $214,000 after purchasing an additional 900 shares during the last quarter. Sei Investments Co. increased its position in shares of Golar LNG Limited by 19.3% during the 2nd quarter. Sei Investments Co. now owns 6,511 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 1,054 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Golar LNG Limited by 2.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 58,089 shares of the shipping company’s stock valued at $1,292,000 after purchasing an additional 1,249 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.

GLNG has been the topic of several recent research reports. ABN Amro upgraded Golar LNG Limited from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Stifel Nicolaus restated a “buy” rating and set a $36.00 target price on shares of Golar LNG Limited in a report on Monday, August 21st. Citigroup Inc. dropped their target price on Golar LNG Limited from $28.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 17th. Zacks Investment Research upgraded Golar LNG Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Cowen Inc restated an “outperform” rating and set a $45.00 target price on shares of Golar LNG Limited in a report on Thursday, August 31st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Golar LNG Limited currently has a consensus rating of “Hold” and a consensus price target of $34.60.

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Shares of Golar LNG Limited (NASDAQ GLNG) opened at $24.47 on Friday. Golar LNG Limited has a fifty-two week low of $19.32 and a fifty-two week high of $29.18. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.83.

Golar LNG Limited (NASDAQ:GLNG) last released its quarterly earnings data 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). Golar LNG Limited had a negative return on equity of 7.78% and a negative net margin of 179.35%. The business had revenue of $28.41 million during the quarter, compared to analysts’ expectations of $17.03 million. equities analysts predict that Golar LNG Limited will post -1.73 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Golar LNG Limited (NASDAQ:GLNG)

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