Edmond DE Rothschild Holding S.A. Has $23.38 Million Stock Position in Valaris Limited $VAL

Key Points

• Edmond DE Rothschild Holding S.A. reduced its holdings in Valaris Limited by 1.7%, now owning 595,504 shares worth approximately $23.38 million.
• Several hedge funds have increased their positions in Valaris, with institutional investors owning 96.74% of the company's stock.
• Valaris reported $1.61 EPS for the last quarter, surpassing expectations, with a revenue of $615.20 million, marking a slight year-over-year increase.

Edmond DE Rothschild Holding S.A. cut its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 595,504 shares of the company's stock after selling 10,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 0.84% of Valaris worth $23,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lowe Wealth Advisors LLC bought a new position in Valaris during the first quarter worth about $28,000. UMB Bank n.a. bought a new position in Valaris during the first quarter worth about $44,000. GAMMA Investing LLC lifted its stake in Valaris by 1,027.5% during the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock worth $53,000 after purchasing an additional 1,233 shares during the period. Bayforest Capital Ltd lifted its stake in Valaris by 17.2% during the first quarter. Bayforest Capital Ltd now owns 1,920 shares of the company's stock worth $75,000 after purchasing an additional 282 shares during the period. Finally, Covestor Ltd lifted its stake in Valaris by 73.4% during the first quarter. Covestor Ltd now owns 3,313 shares of the company's stock worth $130,000 after purchasing an additional 1,402 shares during the period. Institutional investors own 96.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Valaris from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Fearnley Fonds cut shares of Valaris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Citigroup reiterated a "neutral" rating and issued a $50.00 target price (up previously from $47.00) on shares of Valaris in a research note on Thursday, July 10th. Susquehanna lifted their target price on shares of Valaris from $46.00 to $52.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Finally, Barclays lifted their target price on shares of Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $47.21.

Valaris Trading Down 0.1%

VAL traded down $0.06 during trading on Tuesday, reaching $51.22. 603,614 shares of the company's stock were exchanged, compared to its average volume of 1,707,174. The company's fifty day moving average price is $47.94 and its 200-day moving average price is $41.19. 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 $57.90. The firm has a market capitalization of $3.65 billion, a PE ratio of 13.34 and a beta of 1.17.

Valaris (NYSE:VAL - Get Free Report) last released its 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. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The firm had revenue of $615.20 million during the quarter, compared to analyst estimates of $582.70 million. During the same quarter in the previous year, the business earned $2.03 EPS. The business's quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts forecast that Valaris Limited will post 3.96 EPS for the current year.

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.