Valaris Limited (NYSE:VAL) is Hara Capital LLC's 4th Largest Position

Hara Capital LLC grew its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 42.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,327 shares of the company's stock after acquiring an additional 40,134 shares during the quarter. Valaris comprises approximately 3.6% of Hara Capital LLC's investment portfolio, making the stock its 4th largest holding. Hara Capital LLC owned about 0.19% of Valaris worth $5,274,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VAL. Quarry LP boosted its position in Valaris by 51.7% in the fourth quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after buying an additional 233 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of Valaris during the first quarter worth $28,000. Sterling Capital Management LLC raised its holdings in shares of Valaris by 518.3% during the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock worth $33,000 after purchasing an additional 622 shares during the last quarter. UMB Bank n.a. purchased a new position in shares of Valaris during the first quarter worth $44,000. Finally, GAMMA Investing LLC raised its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Price Performance

VAL stock traded down $0.67 during midday trading on Friday, reaching $49.90. The stock had a trading volume of 445,718 shares, compared to its average volume of 1,616,257. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 11.70 and a beta of 1.15. The company's fifty day simple moving average is $41.50 and its 200 day simple moving average is $40.62. Valaris Limited has a 52-week low of $27.15 and a 52-week high of $84.20. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.49.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). Valaris had a return on equity of 14.14% and a net margin of 12.61%. The company had revenue of $620.70 million for the quarter, compared to analysts' expectations of $582.87 million. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VAL has been the subject of a number of analyst reports. Citigroup reissued a "neutral" rating and issued a $50.00 price target (up from $47.00) on shares of Valaris in a report on Thursday. Wall Street Zen raised Valaris to a "sell" rating in a report on Tuesday, May 13th. Evercore ISI cut their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Barclays lifted their price target on shares of Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Susquehanna increased their price objective on shares of Valaris from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $52.50.

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.