Townsquare Capital LLC trimmed its holdings in Valaris Limited (NYSE:VAL - Free Report) by 94.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,705 shares of the company's stock after selling 132,467 shares during the quarter. Townsquare Capital LLC's holdings in Valaris were worth $341,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock worth $33,000 after acquiring an additional 622 shares during the period. Signaturefd LLC increased its stake in Valaris by 395.0% during 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. raised its holdings in Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after buying an additional 511 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Valaris by 326.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock worth $83,000 after purchasing an additional 1,435 shares during the period. Finally, Covestor Ltd grew its stake in shares of Valaris by 40.1% during the fourth quarter. Covestor Ltd now owns 1,911 shares of the company's stock valued at $85,000 after buying an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company's stock.
Valaris Stock Performance
NYSE:VAL traded down $0.43 during mid-day trading on Wednesday, reaching $30.90. The stock had a trading volume of 1,519,530 shares, compared to its average volume of 1,474,487. The business has a 50 day simple moving average of $36.27 and a 200 day simple moving average of $43.51. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $84.20. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 6.01 and a beta of 1.06. 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 announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.68. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The company had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. On average, analysts expect that Valaris Limited will post 3.96 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently issued reports on VAL. Citigroup cut their price objective on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Evercore ISI lowered 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 shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. Susquehanna cut their price target on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Barclays decreased their target price on Valaris from $46.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $50.33.
View Our Latest Stock Analysis on Valaris
About Valaris
(
Free Report)
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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