5,917 Shares in Valaris Limited $VAL Acquired by Bluefin Capital Management LLC

Bluefin Capital Management LLC acquired a new position in Valaris Limited (NYSE:VAL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,917 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds also recently added to or reduced their stakes in VAL. Ameriprise Financial Inc. raised its holdings in Valaris by 27.9% in the 4th quarter. Ameriprise Financial Inc. now owns 89,762 shares of the company’s stock worth $3,971,000 after acquiring an additional 19,580 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Valaris in the fourth quarter worth approximately $2,511,000. Balyasny Asset Management L.P. bought a new stake in shares of Valaris in the fourth quarter worth approximately $402,000. Deutsche Bank AG grew its stake in shares of Valaris by 94.7% in the fourth quarter. Deutsche Bank AG now owns 207,291 shares of the company’s stock worth $9,171,000 after acquiring an additional 100,812 shares during the period. Finally, Gotham Asset Management LLC grew its stake in shares of Valaris by 64.4% in the fourth quarter. Gotham Asset Management LLC now owns 12,536 shares of the company’s stock worth $555,000 after acquiring an additional 4,913 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Price Performance

NYSE VAL opened at $51.15 on Wednesday. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $57.90. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 13.32 and a beta of 1.17. The company’s 50 day moving average is $48.09 and its two-hundred day moving average is $41.26. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.45. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The business had revenue of $615.20 million during the quarter, compared to analyst estimates of $582.70 million. During the same period last year, the firm posted $2.03 EPS. The company’s revenue was up .8% on a year-over-year basis. As a group, research analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

VAL has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of Valaris from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Citigroup reiterated a “neutral” rating and issued a $50.00 price target (up from $47.00) on shares of Valaris in a research note on Thursday, July 10th. BTIG Research reissued a “buy” rating on shares of Valaris in a report on Monday, July 14th. Susquehanna raised their price objective on shares of Valaris from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Finally, SEB Equity Research set a $45.50 price objective on shares of Valaris in a report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Valaris has an average rating of “Hold” and a consensus target price of $47.21.

Valaris Profile

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.