Quadrant Capital Group LLC Acquires 1,435 Shares of Valaris Limited (NYSE:VAL)

Quadrant Capital Group LLC increased its stake in shares of Valaris Limited (NYSE:VAL) by 326.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,874 shares of the company’s stock after buying an additional 1,435 shares during the period. Quadrant Capital Group LLC’s holdings in Valaris were worth $83,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its stake in shares of Valaris by 202.7% during the third quarter. HighTower Advisors LLC now owns 10,490 shares of the company’s stock valued at $591,000 after purchasing an additional 7,024 shares during the last quarter. Quarry LP acquired a new position in Valaris during the 3rd quarter worth $25,000. State Street Corp boosted its position in Valaris by 4.8% in the 3rd quarter. State Street Corp now owns 2,446,006 shares of the company’s stock valued at $136,365,000 after buying an additional 112,216 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Valaris by 64.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,066 shares of the company’s stock valued at $896,000 after buying an additional 6,299 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Valaris by 4.6% during the third quarter. Geode Capital Management LLC now owns 1,519,644 shares of the company’s stock worth $84,736,000 after acquiring an additional 66,229 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Valaris Trading Down 9.8 %

NYSE:VAL opened at $30.02 on Friday. The company has a market cap of $2.13 billion, a P/E ratio of 5.84 and a beta of 1.06. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $84.20. The business has a 50 day moving average price of $39.06 and a two-hundred day moving average price of $44.95. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48.

Valaris (NYSE:VAL) last posted its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.68. The business had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. As a group, analysts expect that Valaris Limited will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VAL has been the topic of several recent research reports. StockNews.com upgraded Valaris to a “sell” rating in a report on Thursday, February 20th. Susquehanna reduced their target price on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Evercore ISI downgraded shares of Valaris from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Citigroup reduced their price objective on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, Barclays dropped their target price on shares of Valaris from $46.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.50.

About Valaris

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.