California State Teachers Retirement System decreased its position in Golar LNG Limited (NASDAQ:GLNG) by 10.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 170,260 shares of the shipping company’s stock after selling 18,988 shares during the period. California State Teachers Retirement System owned about 0.17% of Golar LNG Limited worth $3,788,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GLNG. Parametric Portfolio Associates LLC grew its holdings in shares of Golar LNG Limited by 2.2% in the first quarter. Parametric Portfolio Associates LLC now owns 87,536 shares of the shipping company’s stock worth $2,445,000 after purchasing an additional 1,852 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Golar LNG Limited by 23.1% in the first quarter. OppenheimerFunds Inc. now owns 20,785 shares of the shipping company’s stock worth $581,000 after purchasing an additional 3,904 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Golar LNG Limited by 3.6% in the first quarter. Teachers Advisors LLC now owns 165,717 shares of the shipping company’s stock worth $4,628,000 after purchasing an additional 5,767 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Golar LNG Limited by 2.1% in the first quarter. Legal & General Group Plc now owns 88,452 shares of the shipping company’s stock worth $2,471,000 after purchasing an additional 1,859 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Golar LNG Limited by 2.3% in the first quarter. Vanguard Group Inc. now owns 213,180 shares of the shipping company’s stock worth $5,954,000 after purchasing an additional 4,739 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Shares of Golar LNG Limited (NASDAQ:GLNG) opened at $22.20 on Monday. Golar LNG Limited has a 52 week low of $19.32 and a 52 week high of $29.18. 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 (NASDAQ:GLNG) last announced its quarterly earnings results 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 had a negative return on equity of 7.78% and a negative net margin of 179.35%. The business had revenue of $28.41 million during the quarter, compared to analysts’ expectations of $17.03 million. research analysts predict that Golar LNG Limited will post -1.73 EPS for the current fiscal year.

Several brokerages have recently issued reports on GLNG. Zacks Investment Research upgraded shares of Golar LNG Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Cowen and Company restated an “outperform” rating and issued a $45.00 target price on shares of Golar LNG Limited in a report on Thursday, August 31st. ValuEngine cut shares of Golar LNG Limited from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Morgan Stanley restated an “overweight” rating and issued a $31.00 target price (down previously from $32.00) on shares of Golar LNG Limited in a report on Friday, September 1st. Finally, Citigroup Inc. cut their target price on shares of Golar LNG Limited from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $34.67.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/11/06/golar-lng-limited-glng-stake-lessened-by-california-state-teachers-retirement-system.html.

About Golar LNG Limited

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).

Want to see what other hedge funds are holding GLNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golar LNG Limited (NASDAQ:GLNG).

Institutional Ownership by Quarter for Golar LNG Limited (NASDAQ:GLNG)

Receive News & Ratings for Golar LNG Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG Limited and related companies with MarketBeat.com's FREE daily email newsletter.