As Golar Lng LTD Bermuda (GLNG) Stock Rose, Steinberg Asset Management LLC Lifted Holding

December 13, 2017 - By Richard Conner

Steinberg Asset Management Llc increased its stake in Golar Lng Ltd Bermuda (GLNG) by 10.05% based on its latest 2017Q2 regulatory filing with the SEC. Steinberg Asset Management Llc bought 188,284 shares as the company’s stock rose 4.44% with the market. The hedge fund held 2.06M shares of the marine transportation company at the end of 2017Q2, valued at $45.87 million, up from 1.87 million 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 bullish on the $2.67B market cap company. The stock increased 0.84% or $0.22 during the last trading session, reaching $26.48. About 1.24M shares traded or 6.38% up from the average. Golar LNG Limited (NASDAQ:GLNG) has risen 61.34% since December 13, 2016 and is uptrending. It has outperformed by 44.64% the S&P500.

More recent Golar LNG Limited (NASDAQ:GLNG) news were published by: Seekingalpha.com which released: “LNG Shipping – An Improving Outlook” on October 10, 2017. Also Seekingalpha.com published the news titled: “3 Short Updates For 3 Shipping Segments” on November 30, 2017. Seekingalpha.com‘s news article titled: “Golar LNG Partners: Major Milestone Reached” with publication date: July 10, 2017 was also an interesting one.

Golar LNG Limited (NASDAQ:GLNG) Ratings Coverage

Among 11 analysts covering Golar LNG Limited (NASDAQ:GLNG), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Golar LNG Limited had 26 analyst reports since August 18, 2015 according to SRatingsIntel. The company was upgraded on Friday, July 1 by DNB Markets. The firm earned “Buy” rating on Thursday, August 17 by Citigroup. On Sunday, October 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. ABN Amro upgraded the shares of GLNG in report on Monday, October 3 to “Hold” rating. The stock of Golar LNG Limited (NASDAQ:GLNG) has “Buy” rating given on Wednesday, June 1 by Nordea. The firm has “Outperform” rating by Credit Suisse given on Monday, May 9. Cowen & Co maintained the shares of GLNG in report on Friday, June 23 with “Buy” rating. Stifel Nicolaus maintained Golar LNG Limited (NASDAQ:GLNG) on Friday, September 22 with “Buy” rating. Seaport Global reinitiated Golar LNG Limited (NASDAQ:GLNG) rating on Wednesday, November 23. Seaport Global has “Buy” rating and $35 target. The company was maintained on Monday, June 26 by Jefferies.

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