Golar Lng LTD Bermuda (GLNG) Shareholder Steinberg Asset Management LLC Lowered Position

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Steinberg Asset Management Llc decreased its stake in Golar Lng Ltd Bermuda (GLNG) by 6.05% based on its latest 2018Q2 regulatory filing with the SEC. Steinberg Asset Management Llc sold 114,728 shares as the company’s stock declined 4.00% while stock markets rallied. The hedge fund held 1.78M shares of the marine transportation company at the end of 2018Q2, valued at $52.52M, down from 1.90M at the end of the previous reported quarter. Steinberg Asset Management Llc who had been investing in Golar Lng Ltd Bermuda for a number of months, seems to be less bullish one the $2.44B market cap company. The stock decreased 1.15% or $0.29 during the last trading session, reaching $24.89. About 1.51 million shares traded or 3.00% up from the average. Golar LNG Limited (NASDAQ:GLNG) has risen 24.47% since December 8, 2017 and is uptrending. It has outperformed by 8.85% the S&P500.

Steinberg Asset Management Llc, which manages about $2.04 billion and $194.40 million US Long portfolio, upped its stake in Arch Cap Group Ltd (NASDAQ:ACGL) by 135,846 shares to 220,384 shares, valued at $5.83M in 2018Q2, according to the filing.

Analysts await Golar LNG Limited (NASDAQ:GLNG) to report earnings on February, 27. They expect $0.14 EPS, up 227.27 % or $0.25 from last year’s $-0.11 per share. GLNG’s profit will be $13.74M for 44.45 P/E if the $0.14 EPS becomes a reality. After $-0.11 actual EPS reported by Golar LNG Limited for the previous quarter, Wall Street now forecasts -227.27 % EPS growth.

More notable recent Golar LNG Limited (NASDAQ:GLNG) news were published by: Seekingalpha.com which released: “Golar LNG: Playing The Turnaround – Seeking Alpha” on April 25, 2018, also Seekingalpha.com with their article: “Golar LNG edges up after rout but Golar LNG Partners -12% on downgrade – Seeking Alpha” published on June 01, 2018, Nasdaq.com published: “Pre-Market Earnings Report for May 31, 2018 : DG, DLTR, BURL, DCI, CMD, AEO, CIEN, GLNG, TECD, SFL, GMLP, FRO – Nasdaq” on May 30, 2018. More interesting news about Golar LNG Limited (NASDAQ:GLNG) were released by: Seekingalpha.com and their article: “Golar LNG: Results Marred By Accounting But Forward Prospects Promising – Seeking Alpha” published on June 17, 2018 as well as Seekingalpha.com‘s news article titled: “Financial Exchange Stock Talk: J Mintzmyer On Golar LNG – Seeking Alpha” with publication date: October 10, 2018.

Golar LNG Limited (NASDAQ:GLNG) Ratings Coverage

Among 6 analysts covering Golar LNG (NASDAQ:GLNG), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Golar LNG had 8 analyst reports since July 12, 2018 according to SRatingsIntel. Bank of America downgraded Golar LNG Limited (NASDAQ:GLNG) rating on Thursday, July 12. Bank of America has “Neutral” rating and $30 target. Bank of America upgraded it to “Buy” rating and $32 target in Thursday, October 18 report. The firm earned “Overweight” rating on Tuesday, November 6 by Morgan Stanley. The rating was maintained by Morgan Stanley on Friday, August 24 with “Overweight”.

Golar LNG Limited (NASDAQ:GLNG) Ratings Chart

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