Bank of America Corp DE raised its holdings in shares of Borr Drilling Limited (NYSE:BORR - Free Report) by 169.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 486,808 shares of the company's stock after acquiring an additional 305,935 shares during the quarter. Bank of America Corp DE owned approximately 0.19% of Borr Drilling worth $1,899,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC raised its stake in Borr Drilling by 828.2% in the fourth quarter. Sterling Capital Management LLC now owns 7,593 shares of the company's stock worth $30,000 after buying an additional 6,775 shares in the last quarter. Natixis acquired a new position in shares of Borr Drilling in the fourth quarter worth about $58,000. SBI Securities Co. Ltd. acquired a new position in shares of Borr Drilling during the 4th quarter worth about $59,000. CacheTech Inc. acquired a new stake in Borr Drilling in the 4th quarter valued at about $81,000. Finally, Cibc World Markets Corp acquired a new stake in Borr Drilling in the 4th quarter valued at about $87,000. 83.12% of the stock is owned by institutional investors.
Borr Drilling Trading Down 1.4%
Shares of Borr Drilling stock traded down $0.03 during mid-day trading on Thursday, hitting $1.82. The stock had a trading volume of 4,692,470 shares, compared to its average volume of 3,964,311. The firm has a 50-day moving average of $1.84 and a two-hundred day moving average of $2.79. Borr Drilling Limited has a 12-month low of $1.55 and a 12-month high of $7.09. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91. The firm has a market cap of $434.35 million, a P/E ratio of 5.67 and a beta of 1.77.
Borr Drilling (NYSE:BORR - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $217.50 million during the quarter, compared to analysts' expectations of $231.17 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.
About Borr Drilling
(
Free Report)
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.
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