Sei Investments Co. Grows Position in Valaris Limited $VAL

Key Points

• Sei Investments increased its Valaris position by 66.2% in the first quarter, acquiring 159,304 additional shares for a total holding of 399,805 shares valued at approximately $39.2 million. Institutional investors collectively own 96.74% of Valaris.
• Analyst sentiment remains cautious: nine analysts rate Valaris “Hold” and one rates it “Sell,” resulting in an average “Reduce” rating and a consensus price target of $60.31. Susquehanna recently lowered its target from $98 to $75.
• Valaris reported a quarterly loss of $0.24 per share, missing estimates by $0.19, while revenue of $465.4 million exceeded expectations but declined 25% year over year. Shares opened at $79.63, within a 52-week range of $43.53 to $114.12.

Sei Investments Co. raised its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 66.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 399,805 shares of the company's stock after buying an additional 159,304 shares during the quarter. Sei Investments Co. owned about 0.58% of Valaris worth $39,197,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. WINTON GROUP Ltd lifted its position in Valaris by 0.5% during the 4th quarter. WINTON GROUP Ltd now owns 27,510 shares of the company's stock valued at $1,387,000 after acquiring an additional 146 shares during the period. PNC Financial Services Group Inc. grew its holdings in Valaris by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 31,465 shares of the company's stock worth $3,085,000 after purchasing an additional 169 shares during the period. State of Michigan Retirement System increased its stake in shares of Valaris by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock valued at $1,520,000 after purchasing an additional 200 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company's stock valued at $57,000 after purchasing an additional 205 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Valaris by 1.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company's stock worth $746,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

Wall Street Analysts Forecast Growth

VAL has been the subject of a number of analyst reports. Weiss Ratings lowered Valaris from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, May 6th. Susquehanna cut their target price on Valaris from $98.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 8th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Valaris presently has an average rating of "Reduce" and an average target price of $60.31.

Valaris Stock Performance

VAL stock opened at $79.63 on Monday. The company has a market cap of $5.51 billion, a P/E ratio of 5.58 and a beta of 0.93. Valaris Limited has a 1 year low of $43.53 and a 1 year high of $114.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The stock's fifty day moving average price is $84.90 and its 200-day moving average price is $84.66.

Valaris (NYSE:VAL - Get Free Report) last announced its earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business had revenue of $465.40 million for the quarter, compared to analysts' expectations of $443.75 million. During the same period in the prior year, the company posted ($0.53) earnings per share. The firm's quarterly revenue was down 25.0% on a year-over-year basis. On average, equities analysts forecast that Valaris Limited will post 3.18 earnings per share for the current year.

Valaris Profile

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.

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