Signaturefd LLC Buys 1,177 Shares of Valaris Limited (NYSE:VAL)

Signaturefd LLC lifted its position in Valaris Limited (NYSE:VAL) by 395.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,475 shares of the company’s stock after purchasing an additional 1,177 shares during the quarter. Signaturefd LLC’s holdings in Valaris were worth $65,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VAL. Quarry LP bought a new stake in Valaris in the 3rd quarter worth approximately $25,000. Blue Trust Inc. increased its position in Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after purchasing an additional 511 shares during the last quarter. KBC Group NV lifted its position in Valaris by 63.3% during the fourth quarter. KBC Group NV now owns 2,929 shares of the company’s stock valued at $130,000 after purchasing an additional 1,135 shares during the last quarter. Spire Wealth Management grew its stake in shares of Valaris by 24.3% in the 4th quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock worth $186,000 after buying an additional 821 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Valaris in the 4th quarter worth about $243,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on VAL. StockNews.com raised shares of Valaris to a “sell” rating in a report on Thursday, February 20th. Barclays cut their target price on Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Evercore ISI downgraded Valaris from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. JPMorgan Chase & Co. began coverage on shares of Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price objective on the stock. Finally, Citigroup lowered their target price 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, Valaris presently has an average rating of “Hold” and an average target price of $54.33.

Valaris Stock Up 1.1 %

NYSE:VAL opened at $40.08 on Tuesday. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 7.80 and a beta of 1.16. Valaris Limited has a twelve month low of $31.15 and a twelve month high of $84.20. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $42.95 and a 200-day simple moving average of $46.93.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.68. The company had revenue of $584.40 million during the quarter, compared to analyst estimates of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. Analysts anticipate that Valaris Limited will post 3.96 EPS for the current year.

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.