Susquehanna Fundamental Investments LLC Acquires New Holdings in Valaris Limited (NYSE:VAL)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,700 shares of the company's stock, valued at approximately $2,199,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of Valaris as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VAL. Vanguard Group Inc. boosted its position in shares of Valaris by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,454,159 shares of the company's stock valued at $285,532,000 after purchasing an additional 23,509 shares in the last quarter. Lingotto Investment Management LLP lifted its stake in Valaris by 2.5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock valued at $160,910,000 after purchasing an additional 87,420 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Valaris by 55.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company's stock worth $101,771,000 after buying an additional 821,304 shares in the last quarter. Waverton Investment Management Ltd grew its position in Valaris by 12.7% in the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company's stock worth $33,451,000 after buying an additional 85,250 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Valaris in the fourth quarter valued at $31,949,000. Institutional investors own 96.74% of the company's stock.

Valaris Stock Up 1.0 %

Shares of NYSE VAL traded up $0.37 during mid-day trading on Friday, reaching $35.92. The company had a trading volume of 1,562,669 shares, compared to its average volume of 1,504,833. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 6.99 and a beta of 1.06. The stock has a fifty day moving average of $35.02 and a two-hundred day moving average of $42.58. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). Valaris had a return on equity of 17.40% and a net margin of 15.81%. The company had revenue of $620.70 million during the quarter, compared to analysts' expectations of $582.87 million. The company's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts expect that Valaris Limited will post 3.96 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Susquehanna decreased their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup cut their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. StockNews.com raised shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. Barclays dropped their target price on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Finally, Evercore ISI reduced their price target on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $48.83.

About Valaris

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.