Valaris Limited $VAL Holdings Boosted by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its ownership of Valaris Limited shares by 120.3%, acquiring an additional 9,267 shares for a total of 16,972 shares valued at approximately $666,000.
• Valaris recently faced varying ratings from analysts, with price targets ranging from $50.00 to $52.00, and currently has a consensus rating of "Hold" with an average price target of $46.20.
• The company's latest earnings report exceeded expectations, reporting $1.61 EPS against a consensus estimate of $1.16, and revenue of $615.20 million, up 0.8% from the previous year.

Townsquare Capital LLC raised its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 120.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,972 shares of the company's stock after buying an additional 9,267 shares during the period. Townsquare Capital LLC's holdings in Valaris were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Valaris by 1,027.5% in the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock valued at $53,000 after buying an additional 1,233 shares in the last quarter. South Dakota Investment Council boosted its holdings in Valaris by 33.1% in the 1st quarter. South Dakota Investment Council now owns 47,456 shares of the company's stock valued at $1,863,000 after purchasing an additional 11,800 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Valaris during the 4th quarter worth approximately $875,000. Deutsche Bank AG lifted its stake in Valaris by 94.7% in the 4th quarter. Deutsche Bank AG now owns 207,291 shares of the company's stock valued at $9,171,000 after buying an additional 100,812 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Valaris by 14.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,399 shares of the company's stock valued at $6,344,000 after buying an additional 18,107 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Down 3.7%

NYSE:VAL traded down $1.6870 on Tuesday, reaching $44.2830. The stock had a trading volume of 1,748,542 shares, compared to its average volume of 1,764,477. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $65.68. The company has a 50-day moving average of $46.63 and a 200 day moving average of $40.87. The stock has a market cap of $3.15 billion, a P/E ratio of 11.53 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

VAL has been the topic of a number of recent analyst reports. Fearnley Fonds lowered Valaris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. BTIG Research restated a "buy" rating on shares of Valaris in a report on Monday, July 14th. Barclays increased their price target on Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Susquehanna increased their price target on Valaris from $46.00 to $52.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Valaris to a "sell" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $46.20.

Valaris 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.