2 weeks Ago By ABMN Staff
Townsquare Capital LLC lowered its stake in shares of Valaris Limited ( NYSE:VAL – Free Report ) by 94.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,705 shares of the company’s stock after selling 132,467 shares during the period.
Townsquare Capital LLC’s holdings in Valaris were worth $341,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also made changes to their positions in VAL. Vanguard Group Inc.
raised its stake in Valaris by 0.4% in the fourth quarter. Vanguard Group Inc.
now owns 6,454,159 shares of the company’s stock valued at $285,532,000 after buying an additional 23,509 shares during the period. Lingotto Investment Management LLP raised its stake in Valaris by 2.5% in the 4th quarter.
Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock valued at $160,910,000 after acquiring an additional 87,420 shares during the period. Waverton Investment Management Ltd raised its stake in Valaris by 12.7% in the 4th quarter.
Waverton Investment Management Ltd now owns 756,135 shares of the company’s stock valued at $33,451,000 after acquiring an additional 85,250 shares during the period. Norges Bank acquired a new stake in Valaris during the 4th quarter valued at $31,949,000. Finally, Edmond DE Rothschild Holding S.
A. boosted its position in Valaris by 4.2% during the fourth quarter.
Edmond DE Rothschild Holding S.A. now owns 605,504 shares of the company’s stock worth $26,787,000 after purchasing an additional 24,549 shares during the period.
96.74% of the stock is owned by institutional investors. Valaris Stock Down 2.
9 % VAL stock opened at $30.98 on Tuesday. Valaris Limited has a 52 week low of $27.
15 and a 52 week high of $84.20. The business has a 50-day simple moving average of $36.
83 and a 200 day simple moving average of $43.69. The company has a quick ratio of 1.
61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48.
The company has a market cap of $2.20 billion, a PE ratio of 6.03 and a beta of 1.
06. Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on VAL shares. StockNews.
com upgraded shares of Valaris to a “sell” rating in a research note on Thursday, February 20th. Barclays reduced their price objective on Valaris from $46.00 to $35.
00 and set an “equal weight” rating for the company in a report on Monday, April 7th. Citigroup lowered their target price on Valaris from $48.00 to $44.
00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Susquehanna reduced their price target on Valaris from $47.00 to $34.
00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $87.00 to $59.
00 in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.
com, the stock has an average rating of “Hold” and an average price target of $50.33. Get Our Latest Stock Analysis on VAL Valaris Profile ( Free Report ) Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific.
The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs. Further Reading Want to see what other hedge funds are holding VAL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Valaris Limited ( NYSE:VAL – Free Report ). Receive News & Ratings for Valaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valaris and related companies with MarketBeat.com's FREE daily email newsletter .
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