SG Americas Securities LLC acquired a new stake in shares of Valaris Limited (NYSE:VAL – Get Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,365 shares of the company’s stock, valued at approximately $142,000.
A number of other hedge funds have also added to or reduced their stakes in VAL. PNC Financial Services Group Inc. purchased a new position in Valaris during the 1st quarter valued at $52,000. CI Investments Inc. increased its position in Valaris by 34.6% during the 1st quarter. CI Investments Inc. now owns 1,750 shares of the company’s stock valued at $91,000 after purchasing an additional 450 shares during the period. Spartan Fund Management Inc. purchased a new position in Valaris during the 2nd quarter valued at $106,000. Strs Ohio purchased a new position in Valaris during the 2nd quarter valued at $122,000. Finally, Russell Investments Group Ltd. purchased a new position in Valaris during the 2nd quarter valued at $180,000. 84.93% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Valaris in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock.
Insider Transactions at Valaris
Valaris Stock Up 6.1 %
NYSE:VAL opened at $67.75 on Monday. The firm’s 50-day moving average price is $57.04 and its 200-day moving average price is $52.70. The company has a market capitalization of $5.09 billion, a PE ratio of 29.20 and a beta of 1.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.59. Valaris Limited has a 1-year low of $29.46 and a 1-year high of $68.87.
Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet of 56 rigs, which include 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 40 jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia, and Southeast Asia.
- Get a free copy of the StockNews.com research report on Valaris (VAL)
- Alphabet Stock Offers a Rare Buying Opportunity
- Solar Battery Maker Enphase Clears Buy Point: Can Rally Hold?
- Walt Disney Stock is Set to Reset Expectations
- S&P 500 Component DexCom Set For Further Price, Earnings Growth
- MarketBeat: Week in Review 11/7 – 11/11
Receive News & Ratings for Valaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valaris and related companies with MarketBeat.com's FREE daily email newsletter.