New York State Common Retirement Fund reduced its holdings in FLEX LNG Ltd. (NYSE:FLNG - Free Report) by 75.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,155 shares of the company's stock after selling 36,387 shares during the quarter. New York State Common Retirement Fund's holdings in FLEX LNG were worth $353,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of FLNG. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of FLEX LNG during the third quarter worth about $64,000. Prosperity Wealth Management Inc. acquired a new stake in shares of FLEX LNG in the fourth quarter valued at approximately $206,000. Colonial River Wealth Management LLC bought a new stake in shares of FLEX LNG during the fourth quarter valued at approximately $226,000. Great Valley Advisor Group Inc. bought a new stake in shares of FLEX LNG during the third quarter valued at approximately $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in FLEX LNG by 37.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,790 shares of the company's stock worth $234,000 after buying an additional 2,113 shares in the last quarter.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group downgraded FLEX LNG from a "hold" rating to an "underperform" rating and cut their target price for the company from $32.00 to $23.00 in a research note on Tuesday, February 27th.
Check Out Our Latest Analysis on FLEX LNG
FLEX LNG Price Performance
FLEX LNG stock traded up $0.33 during trading hours on Thursday, hitting $29.22. 198,479 shares of the company traded hands, compared to its average volume of 332,400. FLEX LNG Ltd. has a 1-year low of $24.16 and a 1-year high of $33.33. The firm has a market cap of $1.55 billion, a P/E ratio of 12.96 and a beta of 0.76. The firm's 50-day simple moving average is $26.02 and its two-hundred day simple moving average is $27.99. The company has a quick ratio of 2.86, a current ratio of 2.89 and a debt-to-equity ratio of 2.02.
FLEX LNG Profile
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Free Report)
Flex LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. The company owns and operates vessels with M-type electronically controlled gas injection LNG carriers; and vessels with generation X dual fuel propulsion systems. Flex LNG Ltd.
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