Millennium Management LLC purchased a new position in shares of Borr Drilling Limited (NYSE:BORR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 338,577 shares of the company's stock, valued at approximately $1,320,000. Millennium Management LLC owned 0.13% of Borr Drilling at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Borr Drilling by 828.2% during the 4th quarter. Sterling Capital Management LLC now owns 7,593 shares of the company's stock valued at $30,000 after purchasing an additional 6,775 shares during the period. Natixis purchased a new position in shares of Borr Drilling during the 4th quarter valued at about $58,000. SBI Securities Co. Ltd. purchased a new stake in Borr Drilling in the fourth quarter worth approximately $59,000. CacheTech Inc. purchased a new stake in Borr Drilling in the fourth quarter worth approximately $81,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Borr Drilling during the fourth quarter valued at approximately $87,000. 83.12% of the stock is currently owned by institutional investors.
Borr Drilling Stock Down 1.4%
BORR traded down $0.03 during trading on Thursday, reaching $1.82. The stock had a trading volume of 4,692,470 shares, compared to its average volume of 3,964,311. The stock's 50 day moving average is $1.84 and its two-hundred day moving average is $2.79. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $434.35 million, a price-to-earnings ratio of 5.67 and a beta of 1.77. Borr Drilling Limited has a one year low of $1.55 and a one year high of $7.09.
Borr Drilling (NYSE:BORR - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The business had revenue of $217.50 million for the quarter, compared to analysts' expectations of $231.17 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.
Borr Drilling Profile
(
Free Report)
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.
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