GAMMA Investing LLC Has $100,000 Holdings in Valaris Limited $VAL

GAMMA Investing LLC grew its stake in shares of Valaris Limited (NYSE:VAL) by 75.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,379 shares of the company’s stock after buying an additional 1,026 shares during the period. GAMMA Investing LLC’s holdings in Valaris were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Valaris by 20.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,761,369 shares of the company’s stock worth $108,412,000 after buying an additional 460,792 shares during the period. Dalal Street LLC bought a new stake in shares of Valaris in the first quarter valued at about $56,046,000. Waverton Investment Management Ltd lifted its holdings in shares of Valaris by 49.7% in the first quarter. Waverton Investment Management Ltd now owns 1,131,601 shares of the company’s stock valued at $44,455,000 after purchasing an additional 375,466 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Valaris by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 813,871 shares of the company’s stock valued at $31,953,000 after purchasing an additional 20,278 shares in the last quarter. Finally, Tensile Capital Management LP bought a new stake in shares of Valaris in the first quarter valued at about $25,912,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VAL shares. SEB Equity Research set a $45.50 price target on shares of Valaris in a research note on Monday, September 1st. Susquehanna increased their target price on shares of Valaris from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Fearnley Fonds cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Citigroup restated a “neutral” rating and set a $50.00 price objective (up from $47.00) on shares of Valaris in a research note on Thursday, July 10th. Finally, Clarkson Capital downgraded Valaris from a “buy” rating to a “neutral” rating and set a $54.00 target price on the stock. in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Valaris currently has a consensus rating of “Hold” and a consensus target price of $48.19.

Valaris Stock Performance

NYSE:VAL opened at $51.18 on Thursday. The stock has a fifty day moving average price of $49.23 and a 200-day moving average price of $42.85. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 13.33 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.81. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $57.45.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.45. The company had revenue of $615.20 million during the quarter, compared to analysts’ expectations of $582.70 million. Valaris had a return on equity of 12.36% and a net margin of 11.18%.Valaris’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.03 EPS. As a group, equities analysts anticipate that Valaris Limited will post 3.96 EPS for the current fiscal year.

Valaris 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.