Huber Capital Management LLC Holding in Golar Lng LTD Bermuda (GLNG) Has Increased by $4.59 Million as Valuation Declined

April 22, 2018 - By Louis Casey

Golar LNG Limited (NASDAQ:GLNG) Logo

Joe Huber increased its stake in Golar Lng Ltd Bermuda (GLNG) by 23.54% based on its latest 2017Q4 regulatory filing with the SEC. Huber Capital Management Llc bought 158,134 shares as the company’s stock declined 7.01% with the market. The hedge fund run by Joe Huber held 829,940 shares of the marine transportation company at the end of 2017Q4, valued at $24.74M, up from 671,806 at the end of the previous reported quarter. Huber Capital Management Llc who had been investing in Golar Lng Ltd Bermuda for a number of months, seems to be bullish on the $3.28B market cap company. The stock increased 4.86% or $1.5 during the last trading session, reaching $32.39. About 4.31M shares traded or 299.24% up from the average. Golar LNG Limited (NASDAQ:GLNG) has risen 1.30% since April 22, 2017 and is uptrending. It has underperformed by 10.25% the S&P500.

Huber Capital Management Llc, which manages about $3.94B and $1.84 billion US Long portfolio, decreased its stake in Innospec Inc (NASDAQ:IOSP) by 118,139 shares to 759,293 shares, valued at $53.61 million in 2017Q4, according to the filing. It also reduced its holding in Cno Finl Group Inc by 173,458 shares in the quarter, leaving it with 2.94 million shares, and cut its stake in Euronav Nv Antwerpen.

Golar LNG Limited (NASDAQ:GLNG) Ratings Coverage

Among 4 analysts covering Golar LNG Limited (NASDAQ:GLNG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Golar LNG Limited had 6 analyst reports since November 30, 2017 according to SRatingsIntel. Jefferies maintained Golar LNG Limited (NASDAQ:GLNG) rating on Friday, January 26. Jefferies has “Buy” rating and $40.0 target. The company was maintained on Thursday, April 19 by Stifel Nicolaus. As per Monday, December 18, the company rating was initiated by Jefferies. The company was maintained on Thursday, November 30 by Cowen & Co. Cowen & Co maintained it with “Buy” rating and $44.0 target in Tuesday, December 12 report. Morgan Stanley maintained it with “Equal-Weight” rating and $36 target in Monday, February 12 report.

Golar LNG Limited (NASDAQ:GLNG) Ratings Chart

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