Hara Capital LLC Has $5.27 Million Stock Position in Valaris Limited (NYSE:VAL)

Hara Capital LLC grew its holdings in Valaris Limited (NYSE:VAL - Free Report) by 42.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,327 shares of the company's stock after purchasing an additional 40,134 shares during the quarter. Valaris comprises about 3.6% of Hara Capital LLC's portfolio, making the stock its 4th biggest position. Hara Capital LLC owned approximately 0.19% of Valaris worth $5,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lowe Wealth Advisors LLC acquired a new position in Valaris during the 1st quarter worth approximately $28,000. Quarry LP raised its stake in Valaris by 51.7% during the 4th quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after buying an additional 233 shares during the period. Sterling Capital Management LLC raised its stake in Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock worth $33,000 after buying an additional 622 shares during the period. UMB Bank n.a. acquired a new position in Valaris during the 1st quarter worth approximately $44,000. Finally, GAMMA Investing LLC raised its stake in 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. 96.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Valaris Stock Down 1.2%

VAL traded down $0.62 during midday trading on Friday, reaching $49.94. 911,203 shares of the company were exchanged, compared to its average volume of 1,625,265. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.67 and a current ratio of 1.67. The company's fifty day moving average price is $41.78 and its 200 day moving average price is $40.68. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 11.72 and a beta of 1.15. Valaris Limited has a one year low of $27.15 and a one year high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last issued 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). The company had revenue of $620.70 million for the quarter, compared to the consensus estimate of $582.87 million. Valaris had a return on equity of 14.14% and a net margin of 12.61%. Valaris's quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts expect 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.