Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Golar LNG Limited (NASDAQ:GLNG – Get Rating) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,852 shares of the shipping company's stock after selling 893 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Golar LNG were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLNG. Price T Rowe Associates Inc. MD boosted its position in Golar LNG by 6.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 9,650 shares of the shipping company's stock worth $220,000 after acquiring an additional 566 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Golar LNG by 24.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,358 shares of the shipping company's stock worth $122,000 after acquiring an additional 1,058 shares in the last quarter. Brown Advisory Inc. grew its holdings in Golar LNG by 16.5% during the 2nd quarter. Brown Advisory Inc. now owns 10,364 shares of the shipping company's stock worth $236,000 after acquiring an additional 1,467 shares in the last quarter. Cohanzick Management LLC acquired a new position in shares of Golar LNG in the 1st quarter valued at $37,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Golar LNG by 8.2% in the 2nd quarter. Advisory Services Network LLC now owns 27,624 shares of the shipping company's stock valued at $628,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 72.45% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com initiated coverage on shares of Golar LNG in a research report on Wednesday, October 12th. They issued a "hold" rating for the company. Bank of America upgraded shares of Golar LNG from a "neutral" rating to a "buy" rating and increased their price target for the company from $23.00 to $29.00 in a report on Thursday, September 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Golar LNG from $17.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, November 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.90.

Golar LNG Stock Performance

Golar LNG (NASDAQ:GLNG – Get Rating) last issued its quarterly earnings data on Wednesday, November 16th. The shipping company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.20. Golar LNG had a net margin of 218.75% and a return on equity of 5.91%. The business had revenue of $67.91 million for the quarter, compared to analysts' expectations of $66.18 million. As a group, equities analysts anticipate that Golar LNG Limited will post 1.03 earnings per share for the current year.

About Golar LNG

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Golar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels.

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