Gilder Gagnon Howe & Co. LLC Cuts Holdings in Golar LNG Limited (GLNG)

Gilder Gagnon Howe & Co. LLC decreased its holdings in shares of Golar LNG Limited (NASDAQ:GLNG) by 15.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,606 shares of the shipping company’s stock after selling 41,153 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 0.22% of Golar LNG Limited worth $5,056,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of Golar LNG Limited by 1.0% during the second quarter. Amalgamated Bank now owns 12,181 shares of the shipping company’s stock worth $271,000 after buying an additional 118 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Golar LNG Limited by 2.5% during the second quarter. Principal Financial Group Inc. now owns 11,939 shares of the shipping company’s stock worth $266,000 after buying an additional 292 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Golar LNG Limited by 10.3% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 9,600 shares of the shipping company’s stock worth $214,000 after buying an additional 900 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Golar LNG Limited by 19.3% during the second quarter. Sei Investments Co. now owns 6,511 shares of the shipping company’s stock worth $145,000 after buying an additional 1,054 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Golar LNG Limited by 2.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 58,089 shares of the shipping company’s stock worth $1,292,000 after buying an additional 1,249 shares in the last quarter. 87.83% of the stock is owned by institutional investors and hedge funds.

Golar LNG Limited (NASDAQ GLNG) opened at $22.77 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.83. 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 posted its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.51) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.11). The company had revenue of $28.41 million during the quarter, compared to analyst estimates of $17.03 million. Golar LNG Limited had a negative return on equity of 7.78% and a negative net margin of 179.35%. sell-side analysts predict that Golar LNG Limited will post -1.73 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Gilder Gagnon Howe & Co. LLC Cuts Holdings in Golar LNG Limited (GLNG)” was first published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/11/16/gilder-gagnon-howe-co-llc-cuts-holdings-in-golar-lng-limited-glng.html.

GLNG has been the subject of a number of research reports. Morgan Stanley reissued an “overweight” rating and set a $31.00 target price (down previously from $32.00) on shares of Golar LNG Limited in a report on Friday, September 1st. Cowen and Company reissued an “outperform” rating and set a $45.00 target price on shares of Golar LNG Limited in a report on Thursday, August 31st. ValuEngine downgraded Golar LNG Limited from a “hold” rating to a “sell” rating in a report on Friday, September 1st. ABN Amro raised Golar LNG Limited from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Finally, Zacks Investment Research downgraded Golar LNG Limited from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $34.67.

Golar LNG Limited 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).

Want to see what other hedge funds are holding GLNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golar LNG Limited (NASDAQ:GLNG).

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

Receive News & Ratings for Golar LNG Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply