Landscape Capital Management L.L.C. Takes Position in Valaris Limited (NYSE:VAL)

Landscape Capital Management L.L.C. acquired a new position in shares of Valaris Limited (NYSE:VAL) during the third quarter, HoldingsChannel reports. The fund acquired 17,061 shares of the company’s stock, valued at approximately $951,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VAL. Virtu Financial LLC purchased a new stake in shares of Valaris during the 1st quarter worth approximately $582,000. Natixis acquired a new position in Valaris during the first quarter worth $730,000. Diversify Advisory Services LLC boosted its position in Valaris by 14.8% during the third quarter. Diversify Advisory Services LLC now owns 137,572 shares of the company’s stock worth $7,670,000 after purchasing an additional 17,690 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Valaris in the second quarter valued at $3,652,000. Finally, Waverton Investment Management Ltd increased its position in shares of Valaris by 20.4% in the third quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company’s stock valued at $37,412,000 after buying an additional 113,509 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Performance

Shares of VAL opened at $49.39 on Friday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 3.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. Valaris Limited has a 1 year low of $46.03 and a 1 year high of $84.20. The company’s 50 day simple moving average is $51.98 and its 200 day simple moving average is $63.91.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VAL shares. Barclays decreased their price objective on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Benchmark lowered shares of Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Citigroup dropped their price objective on shares of Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Finally, Susquehanna reduced their target price on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $80.00.

Insiders Place Their Bets

In related news, COO Gilles Luca sold 30,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $56.86, for a total transaction of $1,705,800.00. Following the transaction, the chief operating officer now directly owns 108,342 shares in the company, valued at approximately $6,160,326.12. This represents a 21.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew Lyne sold 26,000 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the completion of the sale, the senior vice president now directly owns 24,388 shares in the company, valued at approximately $1,360,118.76. The trade was a 51.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,403 shares of company stock valued at $4,028,246 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Valaris Company 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.