Landscape Capital Management L.L.C. Invests $951,000 in Valaris Limited (NYSE:VAL)

Landscape Capital Management L.L.C. acquired a new stake in Valaris Limited (NYSE:VAL - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,061 shares of the company's stock, valued at approximately $951,000.

A number of other large investors have also recently made changes to their positions in VAL. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Valaris in the second quarter valued at $28,884,000. Dimensional Fund Advisors LP lifted its position in shares of Valaris by 23.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,188,973 shares of the company's stock valued at $88,573,000 after purchasing an additional 225,283 shares in the last quarter. Condire Management LP lifted its position in shares of Valaris by 14.7% during the first quarter. Condire Management LP now owns 1,452,097 shares of the company's stock valued at $109,285,000 after purchasing an additional 186,076 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Valaris by 338.5% during the second quarter. AQR Capital Management LLC now owns 236,379 shares of the company's stock valued at $17,426,000 after purchasing an additional 182,467 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Valaris during the second quarter valued at about $13,306,000. 96.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VAL has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Valaris from $61.00 to $59.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Citigroup decreased their price objective on shares of Valaris from $95.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Benchmark downgraded shares of Valaris from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Finally, Susquehanna decreased their price objective on shares of Valaris from $61.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $80.00.

Insider Activity

In related news, SVP Matthew Lyne sold 26,000 shares of the firm's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the completion of the sale, the senior vice president now directly owns 24,388 shares in the company, valued at $1,360,118.76. This trade represents a 51.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gilles Luca sold 30,000 shares of the firm's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.86, for a total value of $1,705,800.00. Following the completion of the sale, the chief operating officer now owns 108,342 shares of the company's stock, valued at approximately $6,160,326.12. This represents a 21.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,403 shares of company stock worth $4,028,246. 0.12% of the stock is currently owned by insiders.

Valaris Price Performance

VAL traded up $1.70 during trading on Friday, reaching $49.39. 1,525,921 shares of the company traded hands, compared to its average volume of 1,868,225. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $3.51 billion, a P/E ratio of 3.39 and a beta of 1.17. Valaris Limited has a 12-month low of $46.03 and a 12-month high of $84.20. The firm has a fifty day simple moving average of $51.98 and a 200 day simple moving average of $63.91.

About Valaris

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.