Contrarius Investment Management Ltd raised its stake in shares of Ensco Plc (NYSE:ESV) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,667,693 shares of the offshore drilling services provider’s stock after buying an additional 879,497 shares during the quarter. Ensco comprises approximately 4.2% of Contrarius Investment Management Ltd’s holdings, making the stock its 10th largest position. Contrarius Investment Management Ltd owned about 4.50% of Ensco worth $70,017,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in ESV. Quantamental Technologies LLC bought a new position in shares of Ensco during the 4th quarter valued at approximately $36,000. Leavell Investment Management Inc. bought a new position in shares of Ensco during the 4th quarter valued at approximately $39,000. Fruth Investment Management bought a new position in shares of Ensco during the 4th quarter valued at approximately $59,000. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Ensco by 59.6% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 17,401 shares of the offshore drilling services provider’s stock valued at $62,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Sigma Planning Corp boosted its position in shares of Ensco by 14.3% during the 4th quarter. Sigma Planning Corp now owns 23,265 shares of the offshore drilling services provider’s stock valued at $83,000 after acquiring an additional 2,910 shares during the last quarter. 96.66% of the stock is owned by institutional investors and hedge funds.
ESV has been the subject of a number of research reports. BTIG Research lowered their target price on Ensco from $18.00 to $14.00 and set an “average” rating for the company in a research report on Thursday, December 20th. Wells Fargo & Co reiterated a “buy” rating on shares of Ensco in a research report on Friday, November 2nd. Societe Generale set a $12.00 target price on Ensco and gave the company a “buy” rating in a research report on Thursday, November 1st. ValuEngine downgraded Ensco from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 15th. Finally, UBS Group set a $6.00 target price on Ensco and gave the company a “buy” rating in a research report on Thursday, December 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. Ensco has a consensus rating of “Hold” and an average price target of $7.50.
NYSE:ESV opened at $4.39 on Monday. Ensco Plc has a twelve month low of $3.19 and a twelve month high of $9.51. The firm has a market cap of $1.92 billion, a PE ratio of -8.44 and a beta of 2.20. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.60.
In other news, VP Steven Joseph Brady sold 4,500 shares of Ensco stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $6.22, for a total transaction of $27,990.00. Following the completion of the sale, the vice president now directly owns 314,864 shares in the company, valued at $1,958,454.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.
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Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.
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