GAMMA Investing LLC Purchases 52,999 Shares of Valaris Limited (NYSE:VAL)

GAMMA Investing LLC lifted its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 44,165.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,119 shares of the company's stock after purchasing an additional 52,999 shares during the quarter. GAMMA Investing LLC owned 0.07% of Valaris worth $2,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hara Capital LLC grew its stake in Valaris by 65.1% in the fourth quarter. Hara Capital LLC now owns 94,193 shares of the company's stock valued at $4,167,000 after acquiring an additional 37,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 purchasing an additional 18,107 shares during the period. Teza Capital Management LLC bought a new stake in Valaris during the 4th quarter worth approximately $923,000. Point72 Asset Management L.P. increased its stake in Valaris by 376.7% during the 4th quarter. Point72 Asset Management L.P. now owns 96,023 shares of the company's stock worth $4,248,000 after purchasing an additional 130,723 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Valaris by 38.4% during the 4th quarter. ProShare Advisors LLC now owns 20,430 shares of the company's stock worth $904,000 after buying an additional 5,665 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Wall Street Zen upgraded Valaris to a "sell" rating in a report on Tuesday, May 13th. Barclays lifted their price target on Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Evercore ISI reduced their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Finally, Susquehanna decreased their price objective on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $49.17.

Valaris Stock Down 0.9%

VAL stock traded down $0.41 during midday trading on Tuesday, hitting $46.48. The company's stock had a trading volume of 1,354,888 shares, compared to its average volume of 1,601,857. The company's fifty day moving average price is $37.04 and its 200 day moving average price is $40.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.67 and a quick ratio of 1.67. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $84.20. The stock has a market capitalization of $3.30 billion, a P/E ratio of 10.91 and a beta of 1.13.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $1.10 by ($1.63). Valaris had a net margin of 12.61% and a return on equity of 14.14%. The company had revenue of $620.70 million during the quarter, compared to the consensus estimate of $582.87 million. The business's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts predict that Valaris Limited will post 3.96 EPS for the current 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.