Loomis Sayles & Co. L P Has $705,000 Stock Position in Valaris Limited (NYSE:VAL)

Loomis Sayles & Co. L P lessened its holdings in Valaris Limited (NYSE:VAL - Free Report) by 90.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,945 shares of the company's stock after selling 155,630 shares during the period. Loomis Sayles & Co. L P's holdings in Valaris were worth $705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VAL. Quarry LP purchased a new position in shares of Valaris during the third quarter worth approximately $25,000. Signaturefd LLC raised its holdings in shares of Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after acquiring an additional 1,177 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 511 shares during the last quarter. KBC Group NV boosted its position in shares of Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company's stock worth $130,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in Valaris by 24.3% in the fourth quarter. Spire Wealth Management now owns 4,206 shares of the company's stock valued at $186,000 after acquiring an additional 821 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VAL has been the topic of a number of analyst reports. JPMorgan Chase & Co. began coverage on Valaris in a research report on Friday, December 6th. They set an "underweight" rating and a $40.00 target price on the stock. Evercore ISI cut shares of Valaris from an "outperform" rating to an "in-line" rating and dropped their target price for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. StockNews.com raised Valaris to a "sell" rating in a report on Thursday, February 20th. Citigroup reduced their price target on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Barclays lowered their target price on Valaris from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, Valaris presently has a consensus rating of "Hold" and an average target price of $54.33.

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Valaris Price Performance

Shares of VAL traded down $4.18 during trading hours on Thursday, hitting $35.91. The stock had a trading volume of 659,763 shares, compared to its average volume of 1,362,217. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 6.99 and a beta of 1.16. Valaris Limited has a 52 week low of $31.15 and a 52 week 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 fifty day moving average is $41.75 and its two-hundred day moving average is $46.26.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $578.01 million. On average, analysts anticipate that Valaris Limited will post 3.96 EPS 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.