25,000 Shares in Borr Drilling Limited (NYSE:BORR) Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. bought a new position in Borr Drilling Limited (NYSE:BORR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors have also recently bought and sold shares of BORR. HighTower Advisors LLC acquired a new stake in shares of Borr Drilling during the 4th quarter valued at about $920,000. Cibc World Markets Corp acquired a new position in Borr Drilling in the fourth quarter valued at about $87,000. Signaturefd LLC boosted its position in Borr Drilling by 320.0% in the fourth quarter. Signaturefd LLC now owns 38,066 shares of the company’s stock valued at $148,000 after buying an additional 29,003 shares in the last quarter. Tejara Capital Ltd boosted its position in Borr Drilling by 46.8% in the fourth quarter. Tejara Capital Ltd now owns 2,201,589 shares of the company’s stock valued at $8,418,000 after buying an additional 701,478 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in Borr Drilling by 100.9% in the fourth quarter. Intech Investment Management LLC now owns 110,720 shares of the company’s stock valued at $432,000 after buying an additional 55,617 shares in the last quarter. Institutional investors own 83.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research downgraded shares of Borr Drilling from a “buy” rating to a “neutral” rating in a research note on Monday.

Borr Drilling Stock Performance

Shares of BORR opened at $1.94 on Wednesday. Borr Drilling Limited has a 12 month low of $1.55 and a 12 month high of $7.09. The firm has a fifty day simple moving average of $1.93 and a 200 day simple moving average of $2.45. The stock has a market capitalization of $457.81 million, a price-to-earnings ratio of 10.20 and a beta of 1.79. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.05.

Borr Drilling (NYSE:BORR) last issued its quarterly earnings data on Wednesday, May 21st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $217.50 million during the quarter, compared to the consensus estimate of $231.17 million. Borr Drilling had a net margin of 5.11% and a return on equity of 5.14%.

Borr Drilling Profile

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.