Eschler Asset Management LLP Grows Holdings in Valaris Limited $VAL

Key Points

• Eschler Asset Management LLP significantly increased its investment in Valaris Limited, acquiring an additional 9,262 shares, bringing its total to 17,012 shares, valued at approximately $668,000.
• A majority of Valaris's stock, around 96.74%, is owned by institutional investors, indicating strong institutional interest in the company.
• Valaris recently reported earnings of $1.61 per share for the last quarter, surpassing analyst estimates, with revenues increasing to $615.20 million compared to the previous year.

Eschler Asset Management LLP increased its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 119.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,012 shares of the company's stock after buying an additional 9,262 shares during the period. Valaris accounts for about 1.7% of Eschler Asset Management LLP's portfolio, making the stock its 22nd largest holding. Eschler Asset Management LLP's holdings in Valaris were worth $668,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Valaris by 1,027.5% during the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock worth $53,000 after buying an additional 1,233 shares during the period. South Dakota Investment Council boosted its holdings in shares of Valaris by 33.1% during the 1st quarter. South Dakota Investment Council now owns 47,456 shares of the company's stock worth $1,863,000 after buying an additional 11,800 shares during the period. Dalal Street LLC bought a new stake in shares of Valaris during the 1st quarter worth about $56,046,000. Deutsche Bank AG grew its position in shares of Valaris by 94.7% during the 4th quarter. Deutsche Bank AG now owns 207,291 shares of the company's stock worth $9,171,000 after purchasing an additional 100,812 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Valaris by 14.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,399 shares of the company's stock worth $6,344,000 after acquiring an additional 18,107 shares during the period. Institutional investors own 96.74% of the company's stock.

Wall Street Analyst Weigh In

VAL has been the topic of several analyst reports. Fearnley Fonds lowered shares of Valaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Citigroup reaffirmed a "neutral" rating and set a $50.00 price target (up previously from $47.00) on shares of Valaris in a research note on Thursday, July 10th. Wall Street Zen raised shares of Valaris from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Clarkson Capital downgraded shares of Valaris from a "buy" rating to a "neutral" rating and set a $54.00 price target for the company. in a research note on Tuesday, September 2nd. Finally, Susquehanna raised their price target 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. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Valaris has an average rating of "Hold" and a consensus target price of $47.21.

Valaris Stock Up 0.1%

Shares of NYSE:VAL traded up $0.07 during midday trading on Monday, hitting $51.18. 1,592,096 shares of the company's stock were exchanged, compared to its average volume of 1,713,748. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a 50 day moving average price of $47.76 and a 200-day moving average price of $41.13. The company has a market cap of $3.64 billion, a PE ratio of 13.33 and a beta of 1.17. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $57.90.

Valaris (NYSE:VAL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.16 by $0.45. The company had revenue of $615.20 million during the quarter, compared to the consensus estimate of $582.70 million. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.03 earnings per share. On average, sell-side analysts anticipate that Valaris Limited will post 3.96 EPS for the current fiscal year.

Valaris Company 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.