Crestline Management LP Has $819,000 Stake in Valaris Limited (NYSE:VAL)

Crestline Management LP grew its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 179.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,523 shares of the company's stock after acquiring an additional 11,893 shares during the period. Crestline Management LP's holdings in Valaris were worth $819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP lifted its position in shares of Valaris by 51.7% during the 4th quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after acquiring an additional 233 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after acquiring an additional 622 shares during the last quarter. Signaturefd LLC lifted its position in shares of Valaris by 395.0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company's stock valued at $65,000 after acquiring an additional 1,177 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after acquiring an additional 511 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Valaris by 326.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock valued at $83,000 after purchasing an additional 1,435 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Stock Up 4.3%

Shares of NYSE VAL traded up $1.65 during mid-day trading on Monday, reaching $39.86. The company had a trading volume of 2,308,798 shares, compared to its average volume of 1,529,998. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $84.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The stock has a market capitalization of $2.83 billion, a PE ratio of 7.76 and a beta of 1.09. The stock's 50 day moving average is $35.30 and its 200-day moving average is $41.90.

Valaris (NYSE:VAL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of $1.10 by ($1.63). The business had revenue of $620.70 million for the quarter, compared to analyst estimates of $582.87 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. Valaris's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on VAL. Evercore ISI cut their target price on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Citigroup cut their target price 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. Susquehanna cut their target price on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. StockNews.com raised shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. Finally, Barclays boosted their target price on shares of Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Valaris has a consensus rating of "Hold" and an average price target of $49.17.

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.