Boston Family Office LLC Reduces Position in Golar LNG Limited (GLNG)

Boston Family Office LLC reduced its position in shares of Golar LNG Limited (NASDAQ:GLNG) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,296 shares of the shipping company’s stock after selling 8,348 shares during the period. Boston Family Office LLC’s holdings in Golar LNG were worth $6,060,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GLNG. Principal Financial Group Inc. raised its position in shares of Golar LNG 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 acquiring an additional 292 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Golar LNG by 5.0% during the 2nd quarter. Teachers Advisors LLC now owns 173,987 shares of the shipping company’s stock valued at $3,871,000 after acquiring an additional 8,270 shares in the last quarter. Amalgamated Bank raised its position in shares of Golar LNG 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 acquiring an additional 118 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Golar LNG by 104.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,552 shares of the shipping company’s stock valued at $168,000 after acquiring an additional 3,850 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Golar LNG by 1.9% during the 2nd quarter. Northern Trust Corp now owns 914,655 shares of the shipping company’s stock valued at $20,351,000 after acquiring an additional 16,696 shares in the last quarter. 84.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of Golar LNG Limited (NASDAQ GLNG) opened at $26.00 on Friday. Golar LNG Limited has a 52-week low of $19.32 and a 52-week high of $31.64. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2,630.00, a price-to-earnings ratio of -13.98, a price-to-earnings-growth ratio of 14.98 and a beta of 0.76.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Thursday, November 30th. The shipping company reported ($0.43) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.07). Golar LNG had a negative return on equity of 9.15% and a negative net margin of 180.90%. The company had revenue of $32.43 million during the quarter, compared to analyst estimates of $24.04 million. equities analysts anticipate that Golar LNG Limited will post -1.84 EPS for the current fiscal year.

Several research firms recently issued reports on GLNG. Zacks Investment Research lowered Golar LNG from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub lowered Golar LNG from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. ABN Amro raised Golar LNG from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Jefferies Group started coverage on Golar LNG in a research report on Monday, December 18th. They issued a “buy” rating and a $39.00 target price on the stock. Finally, Cowen increased their target price on Golar LNG from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating and seven have given a buy rating to the company. Golar LNG presently has a consensus rating of “Hold” and an average price target of $35.17.

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Golar LNG Company 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 (NASDAQ:GLNG)

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