Kerrisdale Advisers LLC Acquires 32,160 Shares of Valaris Limited (NYSE:VAL)

Kerrisdale Advisers LLC increased its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,265 shares of the company's stock after purchasing an additional 32,160 shares during the period. Valaris accounts for 1.5% of Kerrisdale Advisers LLC's holdings, making the stock its 17th biggest holding. Kerrisdale Advisers LLC owned about 0.14% of Valaris worth $4,480,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VAL. Price T Rowe Associates Inc. MD boosted its position in Valaris by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 43,659 shares of the company's stock valued at $1,932,000 after acquiring an additional 4,092 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Valaris during the fourth quarter valued at about $991,000. Wolf Hill Capital Management LP purchased a new position in Valaris in the fourth quarter valued at about $13,139,000. Stifel Financial Corp bought a new position in Valaris in the fourth quarter worth about $2,399,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Valaris by 91.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,111 shares of the company's stock valued at $447,000 after buying an additional 4,832 shares during the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on VAL. Barclays reduced their price objective on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Susquehanna reduced their price target on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price objective 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 lowered Valaris from an "outperform" rating to an "in-line" rating and reduced their target price for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Finally, StockNews.com raised 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 given a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $50.33.

Valaris Stock Performance

Shares of VAL stock opened at $30.90 on Thursday. The business has a fifty day moving average of $36.27 and a 200 day moving average of $43.51. Valaris Limited has a 1 year low of $27.15 and a 1 year 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 firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 6.01 and a beta of 1.06.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The firm had revenue of $584.40 million during the quarter, compared to analysts' expectations of $578.01 million. As a group, research analysts expect that Valaris Limited will post 3.96 earnings per share for the current year.

Valaris Company 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.

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