Rye Brook Capital LLC Has $2.32 Million Holdings in Valaris Limited $VAL

Rye Brook Capital LLC boosted its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 10.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,100 shares of the company's stock after buying an additional 5,200 shares during the quarter. Valaris makes up approximately 2.4% of Rye Brook Capital LLC's investment portfolio, making the stock its 13th largest position. Rye Brook Capital LLC owned approximately 0.08% of Valaris worth $2,320,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VAL. Dalal Street LLC acquired a new position in Valaris during the first quarter worth approximately $56,046,000. Tensile Capital Management LP bought a new stake in shares of Valaris during the first quarter worth approximately $25,912,000. Moerus Capital Management LLC bought a new stake in shares of Valaris during the first quarter worth approximately $18,314,000. Dimensional Fund Advisors LP boosted its holdings in shares of Valaris by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,761,369 shares of the company's stock worth $108,412,000 after acquiring an additional 460,792 shares during the period. Finally, Waverton Investment Management Ltd boosted its holdings in shares of Valaris by 49.7% during the first quarter. Waverton Investment Management Ltd now owns 1,131,601 shares of the company's stock worth $44,455,000 after acquiring an additional 375,466 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Capital One Financial set a $55.00 price objective on Valaris in a report on Monday, September 15th. SEB Equity Research set a $45.50 price objective on Valaris in a report on Monday, September 1st. Wall Street Zen upgraded Valaris from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. BTIG Research restated a "buy" rating on shares of Valaris in a report on Monday, July 14th. Finally, Clarkson Capital cut Valaris from a "buy" rating to a "neutral" rating and set a $54.00 price objective for the company. in a report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $48.81.

Valaris Trading Down 1.5%

Shares of VAL stock opened at $51.46 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.66 billion, a P/E ratio of 13.40 and a beta of 1.15. The stock has a 50 day simple moving average of $49.34 and a 200 day simple moving average of $43.27. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $54.17.

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

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