Parallax Volatility Advisers LP Holds Stake in Golar Lng Partners LP (Call) (GMLP); Covenant Multifamily Offices Has Lifted Holding in Metlife Com (MET) as Share Price Declined

February 15, 2018 - By Winifred Garcia

Parallax Volatility Advisers Lp increased its stake in Golar Lng Partners Lp (Call) (GMLP) by 173.79% based on its latest 2017Q3 regulatory filing with the SEC. Parallax Volatility Advisers Lp bought 1.05M shares as the company’s stock declined 10.22% while stock markets rallied. The institutional investor held 1.66 million shares of the marine transportation company at the end of 2017Q3, valued at $38.56M, up from 606,300 at the end of the previous reported quarter. Parallax Volatility Advisers Lp who had been investing in Golar Lng Partners Lp (Call) for a number of months, seems to be bullish on the $1.52 billion market cap company. The stock increased 1.12% or $0.24 during the last trading session, reaching $21.46. About 58,938 shares traded. Golar LNG Partners LP (NASDAQ:GMLP) has risen 23.40% since February 15, 2017 and is uptrending. It has outperformed by 6.70% the S&P500.

Covenant Multifamily Offices Llc increased its stake in Metlife Inc Com (MET) by 12.37% based on its latest 2017Q3 regulatory filing with the SEC. Covenant Multifamily Offices Llc bought 7,290 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 66,240 shares of the finance company at the end of 2017Q3, valued at $3.44M, up from 58,950 at the end of the previous reported quarter. Covenant Multifamily Offices Llc who had been investing in Metlife Inc Com for a number of months, seems to be bullish on the $48.40B market cap company. The stock decreased 0.64% or $0.3 during the last trading session, reaching $46.4. About 3.13M shares traded. MetLife, Inc. (NYSE:MET) has risen 13.92% since February 15, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Parallax Volatility Advisers Lp, which manages about $4.50B and $60.64 billion US Long portfolio, decreased its stake in Currencyshares Euro Tr (FXE) by 81,476 shares to 29,124 shares, valued at $3.32M in 2017Q3, according to the filing. It also reduced its holding in Schwab Charles Corp New (NYSE:SCHW) by 336,713 shares in the quarter, leaving it with 13,887 shares, and cut its stake in Kindred Healthcare Inc (Call) (NYSE:KND).

Among 4 analysts covering Golar LNG Partners (NASDAQ:GMLP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Golar LNG Partners had 18 analyst reports since August 19, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Tuesday, September 13. Jefferies maintained it with “Buy” rating and $26.0 target in Monday, September 25 report. Jefferies maintained Golar LNG Partners LP (NASDAQ:GMLP) rating on Monday, June 12. Jefferies has “Buy” rating and $2600 target. The rating was upgraded by Stifel Nicolaus on Monday, December 18 to “Buy”. The rating was initiated by Danske Bank on Tuesday, September 22 with “Buy”. The company was maintained on Monday, October 30 by Jefferies. On Wednesday, August 19 the stock rating was upgraded by Zacks to “Hold”. Jefferies initiated Golar LNG Partners LP (NASDAQ:GMLP) rating on Monday, December 18. Jefferies has “Buy” rating and $26.0 target. The firm has “Buy” rating by Jefferies given on Monday, July 17. Jefferies maintained the stock with “Buy” rating in Monday, August 21 report.

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