Alpine Associates Management Inc. increased its position in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 1,094.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,202,260 shares of the offshore driller’s stock after buying an additional 2,934,260 shares during the period. Atwood Oceanics comprises approximately 1.0% of Alpine Associates Management Inc.’s holdings, making the stock its 19th largest holding. Alpine Associates Management Inc. owned about 3.98% of Atwood Oceanics worth $30,069,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in Atwood Oceanics by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 14,660 shares of the offshore driller’s stock valued at $119,000 after purchasing an additional 6,400 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Atwood Oceanics during the second quarter valued at about $133,000. Municipal Employees Retirement System of Michigan boosted its position in Atwood Oceanics by 6.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 17,670 shares of the offshore driller’s stock valued at $144,000 after purchasing an additional 1,030 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Atwood Oceanics by 6.0% during the first quarter. Public Employees Retirement System of Ohio now owns 19,583 shares of the offshore driller’s stock valued at $187,000 after purchasing an additional 1,104 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Atwood Oceanics by 56.1% during the second quarter. BNP Paribas Arbitrage SA now owns 23,112 shares of the offshore driller’s stock valued at $188,000 after purchasing an additional 8,303 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Shares of Atwood Oceanics, Inc. (ATW) opened at $9.32 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 7.45 and a current ratio of 8.80. Atwood Oceanics, Inc. has a twelve month low of $5.91 and a twelve month high of $15.37.

ATW has been the topic of a number of recent research reports. BidaskClub raised Atwood Oceanics from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. ValuEngine downgraded Atwood Oceanics from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Citigroup reissued a “neutral” rating on shares of Atwood Oceanics in a report on Thursday, August 31st. Zacks Investment Research downgraded Atwood Oceanics from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, Jefferies Group set a $10.00 price target on Atwood Oceanics and gave the stock a “hold” rating in a report on Thursday, October 5th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Atwood Oceanics presently has an average rating of “Hold” and an average target price of $11.31.

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Atwood Oceanics Profile

Atwood Oceanics, Inc is an offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The Company owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey.

Institutional Ownership by Quarter for Atwood Oceanics (NYSE:ATW)

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