Published: Sat, January 13, 2018
Finance | By Loren Pratt

Golar LNG (GLNG) Coverage Initiated at Jefferies Group


The hedge fund run by Remy Trafelet held 697,556 shares of the marine transportation company at the end of 2017Q3, valued at $15.77 million, down from 837,584 at the end of the previous reported quarter. Muhlenkamp & Co. Inc.'s holdings in Golar LNG Partners were worth $5,188,000 as of its most recent filing with the SEC. It has ranged in price between $22.69-$23.09 after having started the session at $23.03 as compared to the previous trading day's close of $23.09. About 204,316 shares traded. Golar LNG Partners LP (NASDAQ:GMLP) has risen 23.40% since January 11, 2017 and is uptrending.

Fosun International Ltd decreased its stake in Sina Corp (SINA) by 22.22% based on its latest 2017Q3 regulatory filing with the SEC. Alliancebernstein L.P. now owns 10,223 shares of the shipping company's stock worth $205,000 after buying an additional 572 shares during the period. Spirit of America Management Corp NY now owns 469,227 shares of the company's stock worth $9,211,000 after buying an additional 210,400 shares in the last quarter. Walthausen & Company who had been investing in Jakks Pacific Inc for a number of months, seems to be bullish on the $56.93 million market cap company. The stock increased 1.23% or $0.36 during the last trading session, reaching $29.73. About 735,225 shares traded. IAC/InterActiveCorp (NASDAQ:IAC) has risen 94.44% since January 11, 2017 and is uptrending. It has outperformed by 27.93% the S&P500.

Golar LNG Partners LP owns and operates floating storage regasification units, liquefied natural gas (LNG) carriers, and floating liquefied natural gas vessel industries under long-term charters in Brazil, the United Arab Emirates, Indonesia, Jordan, and Kuwait. A month ago, they told us to expect earnings of US$0.22 per share while three months ago their EPS consensus estimate was US$0.27. KKR's profit would be $441.41 million giving it 10.58 P/E if the $0.54 EPS is correct. After $0.66 actual earnings per share reported by AMETEK, Inc. for the previous quarter, Wall Street now forecasts 1.52% EPS growth. ValuEngine lowered Golar LNG from a hold rating to a sell rating in a research report on Friday, September 1st. Therefore 55% are positive. Priceline.com had 97 analyst reports since July 21, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with "Outperform" rating in Wednesday, October 28 report. The firm has "Market Perform" rating by BMO Capital Markets given on Wednesday, July 26. The rating was upgraded by Credit Suisse to "Outperform" on Monday, May 9. The firm has "Buy" rating given on Monday, August 17 by TH Capital. The company was initiated on Tuesday, September 13 by Jefferies. Barclays Capital has "Overweight" rating and $2100 target. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, February 5. Stifel Nicolaus upgraded it to "Buy" rating and $1900 target in Thursday, November 10 report. The firm has "Buy" rating by Keefe Bruyette & Woods given on Thursday, September 28. Walthausen & Company bought 673,560 shares as the company's stock declined 15.53% while stock markets rallied. New England Research & Inc owns 7,325 shares.


Investors sentiment decreased to 1.24 in Q3 2017. Its up 0.21, from 0.99 in 2017Q2. It dropped, as 61 investors sold MET shares while 336 reduced holdings. 46 funds opened positions while 64 raised stakes. (NASDAQ:PCLN). Finemark Natl Bank And Tru holds 496 shares. Balyasny Asset Mngmt Lc invested 0.13% of its portfolio in MetLife, Inc. Aperio Gp Ltd Limited Liability Company stated it has 0.02% in SINA Corporation (NASDAQ:SINA). (NYSE:APD). American Century Cos Incorporated owns 2.40 million shares or 0.37% of their USA portfolio. (NYSE:AME) for 40,649 shares. (NYSE:MET). Poplar Forest Capital Limited Liability Company accumulated 961,272 shares. Stifel Financial Corporation invested in 0% or 16,188 shares. Mcf Limited Com owns 500 shares for 0.01% of their portfolio. Old Mutual Customised Solutions (Proprietary) reported 0.02% stake. Commerzbank Aktiengesellschaft Fi invested 0.01% in AMETEK, Inc. Kemnay Advisory Svcs reported 3,898 shares. It also reduced its holding in Valeant Pharmaceuticals Intl (NYSE:VRX) by 26,000 shares in the quarter, leaving it with 23,040 shares, and cut its stake in Ishares Tr (IWM). Golar Lng Ltd Bermuda now has $2.89 billion valuation. Therefore 73% are positive. Cowen & Co has "Buy" rating and $41.0 target. The firm earned "Neutral" rating on Wednesday, December 2 by Bank of America. The firm has "Buy" rating given on Wednesday, August 9 by Raymond James. Aegis Capital initiated the stock with "Buy" rating in Friday, November 18 report. The stock of Golar LNG Limited (NASDAQ:GLNG) earned "Hold" rating by ABN Amro on Monday, October 3. Seaport Global has "Buy" rating and $35 target. The firm has "Hold" rating by DNB Markets given on Friday, April 29.

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