Golar LNG Limited (GLNG) Shares Bought by Hosking Partners LLP

Hosking Partners LLP boosted its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 4.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 300,327 shares of the shipping company’s stock after buying an additional 13,708 shares during the period. Hosking Partners LLP owned approximately 0.30% of Golar LNG worth $8,217,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Golar LNG by 0.3% during the 4th quarter. BlackRock Inc. now owns 4,382,377 shares of the shipping company’s stock worth $130,638,000 after buying an additional 11,409 shares during the period. Ascend Capital LLC raised its holdings in Golar LNG by 67.5% during the 4th quarter. Ascend Capital LLC now owns 1,737,895 shares of the shipping company’s stock worth $51,807,000 after buying an additional 700,436 shares during the period. Orbis Allan Gray Ltd raised its holdings in Golar LNG by 14.2% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,631,495 shares of the shipping company’s stock worth $48,635,000 after buying an additional 203,080 shares during the period. Huber Capital Management LLC raised its holdings in Golar LNG by 23.5% during the 4th quarter. Huber Capital Management LLC now owns 829,940 shares of the shipping company’s stock worth $24,741,000 after buying an additional 158,134 shares during the period. Finally, Levin Capital Strategies L.P. raised its holdings in Golar LNG by 6.4% during the 4th quarter. Levin Capital Strategies L.P. now owns 695,618 shares of the shipping company’s stock worth $20,737,000 after buying an additional 41,906 shares during the period. Hedge funds and other institutional investors own 80.59% of the company’s stock.

Golar LNG opened at $34.54 on Thursday, according to Marketbeat. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.29 and a current ratio of 0.29. Golar LNG Limited has a 12-month low of $19.32 and a 12-month high of $35.54. The company has a market capitalization of $3.49 billion, a PE ratio of -23.50 and a beta of 0.74.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings data on Wednesday, February 28th. The shipping company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.17. Golar LNG had a negative net margin of 125.20% and a negative return on equity of 8.11%. The firm had revenue of $57.59 million during the quarter, compared to analysts’ expectations of $43.87 million. analysts predict that Golar LNG Limited will post 0.06 EPS for the current fiscal year.

Several brokerages have commented on GLNG. ValuEngine upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Zacks Investment Research upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. BidaskClub upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Cowen raised their target price on shares of Golar LNG to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $42.00 target price (up from $36.00) on shares of Golar LNG in a report on Thursday, April 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $38.40.

About Golar LNG

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

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

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