Privium Fund Management B.V. Increases Stock Position in Valaris Limited (NYSE:VAL)

Privium Fund Management B.V. increased its holdings in Valaris Limited (NYSE:VAL - Free Report) by 86.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,182 shares of the company's stock after purchasing an additional 6,571 shares during the quarter. Privium Fund Management B.V.'s holdings in Valaris were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. Lingotto Investment Management LLP lifted its holdings in Valaris by 2.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock worth $160,910,000 after buying an additional 87,420 shares during the period. Aigen Investment Management LP bought a new position in Valaris during the 4th quarter valued at approximately $611,000. Centiva Capital LP purchased a new position in Valaris during the third quarter valued at $930,000. XTX Topco Ltd purchased a new stake in shares of Valaris in the third quarter worth $1,862,000. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Valaris by 19.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 31,391 shares of the company's stock valued at $1,750,000 after acquiring an additional 5,184 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on VAL. Susquehanna dropped their price objective on Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Citigroup decreased their price objective on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday. StockNews.com upgraded shares of Valaris to a "sell" rating in a report on Thursday, February 20th. Evercore ISI downgraded Valaris from an "outperform" rating to an "in-line" rating and dropped their price target for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Finally, Barclays reduced their price target on shares of Valaris from $49.00 to $46.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $54.33.

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Valaris Price Performance

Shares of NYSE VAL traded down $0.68 during midday trading on Friday, reaching $39.68. The stock had a trading volume of 1,774,690 shares, compared to its average volume of 1,317,477. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 7.72 and a beta of 1.16. Valaris Limited has a 12-month low of $31.15 and a 12-month high of $84.20. The stock has a 50-day moving average of $43.07 and a 200-day moving average of $47.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 business had revenue of $584.40 million during the quarter, compared to analyst estimates of $578.01 million. As a group, research analysts anticipate that Valaris Limited will post 3.96 EPS for the current fiscal 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.