SG Americas Securities LLC increased its stake in shares of Ensco Plc (NYSE:ESV) by 283.4% in the fourth quarter, Holdings Channel reports. The fund owned 338,358 shares of the offshore drilling services provider’s stock after purchasing an additional 250,106 shares during the period. SG Americas Securities LLC’s holdings in Ensco were worth $2,000,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Private Advisor Group LLC bought a new position in shares of Ensco during the third quarter worth $100,000. GWM Advisors LLC bought a new position in shares of Ensco during the second quarter worth $107,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Ensco during the second quarter worth $116,000. Harvest Management LLC bought a new position in shares of Ensco during the third quarter worth $119,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Ensco during the third quarter worth $121,000. Hedge funds and other institutional investors own 76.80% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Cowen set a $6.00 price target on shares of Ensco and gave the company a “hold” rating in a research note on Thursday, January 11th. Susquehanna Bancshares set a $7.00 price target on shares of Ensco and gave the company a “hold” rating in a research note on Friday, January 12th. Piper Jaffray Companies downgraded shares of Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 price target on the stock. in a research note on Thursday, January 11th. Credit Suisse Group downgraded shares of Ensco from an “outperform” rating to a “neutral” rating and set a $8.00 price target on the stock. in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Ensco from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Ensco has an average rating of “Hold” and a consensus price target of $7.52.

Shares of Ensco Plc (NYSE ESV) opened at $5.40 on Tuesday. Ensco Plc has a 12 month low of $4.10 and a 12 month high of $11.37. The firm has a market cap of $3,199.07, a price-to-earnings ratio of -28.42 and a beta of 1.74. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.58.

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Ensco Company Profile

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.

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Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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