Quantbot Technologies LP Grows Position in Precision Drilling Co. (NYSE:PDS)

Quantbot Technologies LP boosted its holdings in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 1,741.8% during the 4th quarter, Holdings Channel reports. The fund owned 2,247 shares of the oil and gas company’s stock after buying an additional 2,125 shares during the period. Quantbot Technologies LP’s holdings in Precision Drilling were worth $137,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PDS. Nikko Asset Management Americas Inc. grew its stake in Precision Drilling by 10.8% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 8,477 shares of the oil and gas company’s stock valued at $518,000 after purchasing an additional 824 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Precision Drilling by 30.1% during the 4th quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company’s stock valued at $132,000 after purchasing an additional 499 shares during the last quarter. Greatmark Investment Partners Inc. boosted its position in shares of Precision Drilling by 9.0% in the 4th quarter. Greatmark Investment Partners Inc. now owns 91,601 shares of the oil and gas company’s stock worth $5,594,000 after purchasing an additional 7,540 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Precision Drilling by 18.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,800 shares of the oil and gas company’s stock valued at $1,393,000 after buying an additional 3,500 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. increased its holdings in shares of Precision Drilling by 11.9% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 16,360 shares of the oil and gas company’s stock valued at $999,000 after acquiring an additional 1,740 shares in the last quarter. 48.86% of the stock is owned by hedge funds and other institutional investors.

Precision Drilling Stock Down 3.0 %

Shares of PDS stock opened at $45.29 on Monday. The stock has a market cap of $613.62 million, a P/E ratio of 8.42 and a beta of 2.05. Precision Drilling Co. has a twelve month low of $43.00 and a twelve month high of $79.07. The stock has a 50 day moving average of $52.51 and a 200 day moving average of $58.73. The company has a current ratio of 1.48, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.64). Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%. As a group, sell-side analysts expect that Precision Drilling Co. will post 7.1 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on PDS shares. TD Securities downgraded shares of Precision Drilling from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com downgraded Precision Drilling from a “buy” rating to a “hold” rating in a report on Monday, March 24th.

Precision Drilling Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.