Quadrant Capital Group LLC Purchases 14,201 Shares of Valaris Limited $VAL

Quadrant Capital Group LLC grew its position in shares of Valaris Limited (NYSE:VAL) by 1,602.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,087 shares of the company’s stock after buying an additional 14,201 shares during the quarter. Quadrant Capital Group LLC’s holdings in Valaris were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blume Capital Management Inc. increased its position in shares of Valaris by 56.5% during the second quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Fifth Third Bancorp grew its stake in Valaris by 77.9% in the 2nd quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock valued at $35,000 after purchasing an additional 360 shares during the period. Signaturefd LLC increased its position in shares of Valaris by 45.4% during the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock valued at $39,000 after purchasing an additional 286 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Valaris by 13,400.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock valued at $51,000 after purchasing an additional 1,206 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Valaris during the 2nd quarter worth $56,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Performance

Shares of VAL stock opened at $56.91 on Wednesday. The firm’s 50 day moving average is $53.41 and its 200 day moving average is $48.74. The stock has a market capitalization of $3.96 billion, a P/E ratio of 10.14 and a beta of 1.16. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $58.85. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.44.

Valaris (NYSE:VAL) last released its quarterly earnings data on Wednesday, October 29th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $1.65. The business had revenue of $595.70 million during the quarter, compared to analyst estimates of $568.41 million. Valaris had a net margin of 16.51% and a return on equity of 17.27%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Clarkson Capital lowered shares of Valaris from a “buy” rating to a “neutral” rating and set a $54.00 price target for the company. in a research report on Tuesday, September 2nd. Wall Street Zen raised shares of Valaris from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. SEB Equity Research set a $45.50 price target on shares of Valaris in a research note on Monday, September 1st. Zacks Research raised shares of Valaris from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.50.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.