2 weeks Ago By ABMN Staff
Federated Hermes Inc. cut its position in shares of Valaris Limited ( NYSE:VAL – Free Report ) by 29.7% during the 4th quarter, according to the company in its most recent filing with the SEC.
The firm owned 2,926 shares of the company’s stock after selling 1,237 shares during the quarter. Federated Hermes Inc.’s holdings in Valaris were worth $129,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC boosted its stake in Valaris by 395.0% during the fourth quarter.
Signaturefd LLC now owns 1,475 shares of the company’s stock valued at $65,000 after buying an additional 1,177 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Valaris by 41.
0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after purchasing an additional 511 shares during the last quarter.
Quadrant Capital Group LLC increased its position in shares of Valaris by 326.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company’s stock worth $83,000 after acquiring an additional 1,435 shares in the last quarter.
KBC Group NV grew its position in Valaris by 63.3% during the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock worth $130,000 after purchasing an additional 1,135 shares in the last quarter.
Finally, New Age Alpha Advisors LLC purchased a new position in shares of Valaris during the fourth quarter valued at $176,000. Institutional investors own 96.74% of the company’s stock.
Valaris Price Performance Shares of VAL stock opened at $31.90 on Friday. Valaris Limited has a 52 week low of $27.
15 and a 52 week high of $84.20. The company has a debt-to-equity ratio of 0.
48, a quick ratio of 1.61 and a current ratio of 1.59.
The stock’s fifty day moving average is $37.13 and its 200-day moving average is $44.02.
The stock has a market capitalization of $2.27 billion, a PE ratio of 6.21 and a beta of 1.
06. Analyst Upgrades and Downgrades Several research firms have weighed in on VAL. Barclays dropped their price objective on shares of Valaris from $46.
00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. Citigroup decreased their target price on Valaris from $48.
00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Evercore ISI downgraded Valaris from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $87.
00 to $59.00 in a research report on Wednesday, January 15th. Susquehanna lowered their price target on Valaris from $47.
00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, StockNews.
com upgraded shares of Valaris to a “sell” rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.
com, the stock presently has a consensus rating of “Hold” and an average price target of $50.33. Read Our Latest Analysis on VAL Valaris Company 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. Featured Stories 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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