Engineers Gate Manager LP bought a new stake in Atwood Oceanics, Inc. (NYSE:ATW) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 98,622 shares of the offshore driller’s stock, valued at approximately $926,000. Engineers Gate Manager LP owned approximately 0.12% of Atwood Oceanics as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ATW. CNH Partners LLC purchased a new stake in shares of Atwood Oceanics in the second quarter valued at $27,399,000. Alpine Associates Management Inc. lifted its holdings in shares of Atwood Oceanics by 1,094.9% in the third quarter. Alpine Associates Management Inc. now owns 3,202,260 shares of the offshore driller’s stock valued at $30,069,000 after purchasing an additional 2,934,260 shares in the last quarter. OxFORD Asset Management LLP lifted its holdings in shares of Atwood Oceanics by 136.5% in the third quarter. OxFORD Asset Management LLP now owns 4,279,024 shares of the offshore driller’s stock valued at $39,367,000 after purchasing an additional 2,470,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Atwood Oceanics by 40.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,416,265 shares of the offshore driller’s stock valued at $52,294,000 after purchasing an additional 1,860,301 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC purchased a new stake in shares of Atwood Oceanics in the third quarter valued at $12,019,000. Institutional investors own 91.97% of the company’s stock.

Shares of Atwood Oceanics, Inc. (ATW) opened at $9.32 on Thursday. 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 1-year low of $5.91 and a 1-year high of $15.37.

A number of analysts have recently issued reports on ATW shares. BidaskClub upgraded Atwood Oceanics from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. ValuEngine lowered Atwood Oceanics from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Citigroup restated a “neutral” rating on shares of Atwood Oceanics in a report on Thursday, August 31st. Zacks Investment Research lowered Atwood Oceanics from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, Jefferies Group set a $10.00 target price on Atwood Oceanics and gave the company a “hold” rating in a report on Thursday, October 5th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus 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.

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

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