Rye Brook Capital LLC Makes New Investment in Valaris Limited (NYSE:VAL)

Rye Brook Capital LLC purchased a new stake in Valaris Limited (NYSE:VAL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 45,200 shares of the company's stock, valued at approximately $2,520,000. Valaris makes up 3.6% of Rye Brook Capital LLC's holdings, making the stock its 12th biggest holding. Rye Brook Capital LLC owned about 0.06% of Valaris as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in VAL. Vanguard Group Inc. lifted its holdings in shares of Valaris by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 1,893,667 shares of the company's stock worth $129,849,000 after buying an additional 77,490 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of Valaris by 2.7% in the 1st quarter. State of Michigan Retirement System now owns 15,400 shares of the company's stock valued at $1,159,000 after buying an additional 400 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Valaris by 1.0% in the 1st quarter. SeaCrest Wealth Management LLC now owns 16,124 shares of the company's stock valued at $1,213,000 after buying an additional 152 shares in the last quarter. Lee Johnson Capital Management LLC acquired a new position in shares of Valaris in the 1st quarter valued at $7,355,000. Finally, Privium Fund Management B.V. raised its stake in shares of Valaris by 15.8% in the 1st quarter. Privium Fund Management B.V. now owns 8,134 shares of the company's stock valued at $612,000 after buying an additional 1,107 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

Insider Activity

In other news, SVP Davor Vukadin sold 15,403 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $56.64, for a total value of $872,425.92. Following the completion of the sale, the senior vice president now owns 13,334 shares of the company's stock, valued at approximately $755,237.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Valaris news, SVP Matthew Lyne sold 26,000 shares of the business's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the completion of the transaction, the senior vice president now owns 24,388 shares of the company's stock, valued at approximately $1,360,118.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Davor Vukadin sold 15,403 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $56.64, for a total value of $872,425.92. Following the transaction, the senior vice president now directly owns 13,334 shares of the company's stock, valued at approximately $755,237.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,403 shares of company stock valued at $4,028,246. 0.12% of the stock is owned by company insiders.

Valaris Stock Down 2.2 %

VAL traded down $1.11 during trading on Wednesday, reaching $49.25. 1,282,222 shares of the stock were exchanged, compared to its average volume of 1,014,634. The stock has a market cap of $3.57 billion, a P/E ratio of 4.31 and a beta of 1.15. Valaris Limited has a twelve month low of $48.63 and a twelve month high of $84.20. The stock's 50 day moving average price is $56.56 and its two-hundred day moving average price is $66.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.73 and a current ratio of 1.73.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $1.07. Valaris had a net margin of 49.33% and a return on equity of 12.58%. The firm had revenue of $610.10 million during the quarter, compared to analysts' expectations of $545.00 million. Equities analysts expect that Valaris Limited will post 4.37 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VAL. Benchmark cut shares of Valaris from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Barclays dropped their target price on shares of Valaris from $91.00 to $61.00 and set an "overweight" rating for the company in a research report on Wednesday. Pickering Energy Partners cut shares of Valaris from an "outperform" rating to a "neutral" rating in a research report on Tuesday, July 16th. Citigroup dropped their target price on shares of Valaris from $95.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, September 12th. Finally, Susquehanna dropped their target price on shares of Valaris from $62.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Valaris presently has an average rating of "Hold" and an average price target of $81.33.

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.