Millennium Management LLC Invests $1.32 Million in Borr Drilling Limited (NYSE:BORR)

Millennium Management LLC acquired a new position in shares of Borr Drilling Limited (NYSE:BORR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 338,577 shares of the company's stock, valued at approximately $1,320,000. Millennium Management LLC owned 0.13% of Borr Drilling as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Encompass Capital Advisors LLC bought a new position in Borr Drilling during the 4th quarter worth $10,718,000. Jane Street Group LLC grew its stake in Borr Drilling by 842.5% during the 4th quarter. Jane Street Group LLC now owns 1,949,508 shares of the company's stock worth $7,603,000 after buying an additional 1,742,670 shares during the last quarter. Linden Advisors LP bought a new position in Borr Drilling during the 4th quarter worth $6,321,000. Renaissance Technologies LLC grew its stake in Borr Drilling by 5,369.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,509,600 shares of the company's stock worth $5,887,000 after buying an additional 1,482,000 shares during the last quarter. Finally, Lloyd Harbor Capital Management LLC bought a new position in Borr Drilling during the 4th quarter worth $5,220,000. Institutional investors and hedge funds own 83.12% of the company's stock.

Borr Drilling Stock Performance

BORR traded up $0.13 during trading on Friday, reaching $1.94. 4,159,523 shares of the company were exchanged, compared to its average volume of 3,985,215. The stock has a market cap of $464.26 million, a P/E ratio of 6.06 and a beta of 1.77. The firm has a 50 day moving average of $1.83 and a 200 day moving average of $2.76. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. Borr Drilling Limited has a 52 week low of $1.55 and a 52 week high of $7.09.

Borr Drilling (NYSE:BORR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%. The company had revenue of $217.50 million for the quarter, compared to the consensus estimate of $231.17 million.

Borr Drilling Company Profile

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.