Wolf Hill Capital Management LP Invests $13.14 Million in Valaris Limited (NYSE:VAL)

Wolf Hill Capital Management LP purchased a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 297,000 shares of the company's stock, valued at approximately $13,139,000. Valaris makes up about 0.9% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 22nd biggest position. Wolf Hill Capital Management LP owned 0.42% of Valaris as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after buying an additional 622 shares during the period. Signaturefd LLC increased its stake in shares of 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 during the period. Blue Trust Inc. grew its holdings in Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after acquiring an additional 511 shares in the last quarter. Quadrant Capital Group LLC increased its position in Valaris by 326.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock valued at $83,000 after purchasing an additional 1,435 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Valaris by 40.1% in the 4th quarter. Covestor Ltd now owns 1,911 shares of the company's stock valued at $85,000 after purchasing an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VAL shares. Citigroup cut their price objective on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Susquehanna dropped their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays reduced their price target on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. Evercore ISI downgraded shares of Valaris from an "outperform" rating to an "in-line" rating and dropped their price objective for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of Valaris to a "sell" rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $50.33.

Valaris Trading Up 4.9 %

VAL stock traded up $1.51 during midday trading on Thursday, hitting $32.38. The stock had a trading volume of 1,630,245 shares, compared to its average volume of 1,478,934. The firm has a market cap of $2.30 billion, a PE ratio of 6.30 and a beta of 1.06. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $84.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The company's 50-day moving average price is $36.03 and its 200 day moving average price is $43.35.

Valaris (NYSE:VAL - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.68. The business had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. On average, equities research analysts predict that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Valaris Profile

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.