Aperio Group LLC reduced its position in shares of Diamond Offshore Drilling Inc (NYSE:DO) by 1.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 253,725 shares of the offshore drilling services provider’s stock after selling 4,132 shares during the period. Aperio Group LLC’s holdings in Diamond Offshore Drilling were worth $5,293,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in Diamond Offshore Drilling by 331.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,641 shares of the offshore drilling services provider’s stock valued at $142,000 after purchasing an additional 5,872 shares during the period. V Wealth Management LLC acquired a new stake in Diamond Offshore Drilling during the 2nd quarter valued at $238,000. Northwestern Mutual Investment Management Company LLC raised its stake in Diamond Offshore Drilling by 56.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 13,197 shares of the offshore drilling services provider’s stock valued at $193,000 after purchasing an additional 4,750 shares during the period. Ahrens Investment Partners LLC acquired a new stake in Diamond Offshore Drilling during the 1st quarter valued at $208,000. Finally, D.B. Root & Company LLC acquired a new stake in Diamond Offshore Drilling during the 1st quarter valued at $211,000.

Shares of NYSE:DO opened at $17.58 on Tuesday. The firm has a market capitalization of $2.53 billion, a P/E ratio of 21.44 and a beta of 1.15. Diamond Offshore Drilling Inc has a 1 year low of $10.19 and a 1 year high of $21.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.23 and a quick ratio of 4.23.

Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings data on Monday, July 30th. The offshore drilling services provider reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.06. The firm had revenue of $268.90 million during the quarter, compared to analysts’ expectations of $279.83 million. Diamond Offshore Drilling had a negative net margin of 5.57% and a negative return on equity of 1.06%. Diamond Offshore Drilling’s revenue for the quarter was down 32.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. equities analysts anticipate that Diamond Offshore Drilling Inc will post -1.07 EPS for the current year.

In related news, SVP David L. Roland sold 1,744 shares of the company’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $19.73, for a total value of $34,409.12. Following the completion of the sale, the senior vice president now directly owns 9,194 shares in the company, valued at $181,397.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Several equities analysts have recently commented on DO shares. Zacks Investment Research upgraded shares of Diamond Offshore Drilling from a “sell” rating to a “hold” rating in a report on Friday. Barclays boosted their price target on shares of Diamond Offshore Drilling from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Thursday, August 9th. TheStreet cut shares of Diamond Offshore Drilling from a “c-” rating to a “d+” rating in a report on Monday, July 30th. Royal Bank of Canada restated a “hold” rating and set a $23.00 price target on shares of Diamond Offshore Drilling in a report on Tuesday, July 31st. Finally, B. Riley set a $17.00 price target on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a report on Tuesday, July 31st. Nine analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.68.

Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 17 offshore drilling rigs, which comprises 4 drillships, 7 ultra-deepwater, 4 deepwater, and 2 mid-water semisubmersibles.

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Institutional Ownership by Quarter for Diamond Offshore Drilling (NYSE:DO)

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