Ameriprise Financial Inc. lessened its position in Golar LNG Limited (USA) (NASDAQ:GLNG) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,888 shares of the shipping company’s stock after selling 526 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.08% of Golar LNG Limited (USA) worth $1,714,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of GLNG. Parametric Portfolio Associates LLC lifted its position in shares of Golar LNG Limited (USA) by 2.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 87,536 shares of the shipping company’s stock valued at $2,445,000 after acquiring an additional 1,852 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Golar LNG Limited (USA) by 23.1% in the 1st quarter. OppenheimerFunds Inc. now owns 20,785 shares of the shipping company’s stock valued at $581,000 after acquiring an additional 3,904 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Golar LNG Limited (USA) by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 165,717 shares of the shipping company’s stock valued at $4,628,000 after acquiring an additional 5,767 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Golar LNG Limited (USA) by 2.1% in the 1st quarter. Legal & General Group Plc now owns 88,452 shares of the shipping company’s stock valued at $2,471,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Golar LNG Limited (USA) by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 213,180 shares of the shipping company’s stock valued at $5,954,000 after acquiring an additional 4,739 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.

GLNG has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $31.00 price target (down previously from $32.00) on shares of Golar LNG Limited (USA) in a research report on Friday, September 1st. Cowen and Company restated an “outperform” rating and issued a $45.00 price target on shares of Golar LNG Limited (USA) in a research report on Thursday, August 31st. Stifel Nicolaus restated a “buy” rating and issued a $36.00 price target on shares of Golar LNG Limited (USA) in a research report on Monday, August 21st. ABN Amro upgraded shares of Golar LNG Limited (USA) from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Finally, ValuEngine downgraded shares of Golar LNG Limited (USA) from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.67.

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Golar LNG Limited (GLNG) opened at $22.20 on Friday. 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 (USA) (NASDAQ:GLNG) last released its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.11). Golar LNG Limited (USA) had a negative net margin of 179.35% and a negative return on equity of 7.78%. The business had revenue of $28.41 million during the quarter, compared to analyst estimates of $17.03 million. research analysts forecast that Golar LNG Limited will post -1.73 EPS for the current year.

Golar LNG Limited (USA) 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 (USA) (NASDAQ:GLNG)

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