Privium Fund Management B.V. Grows Position in Valaris Limited (NYSE:VAL)

Privium Fund Management B.V. lifted its position in shares of Valaris Limited (NYSE:VAL) by 86.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,182 shares of the company’s stock after purchasing an additional 6,571 shares during the quarter. Privium Fund Management B.V.’s holdings in Valaris were worth $627,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VAL. Quarry LP acquired a new stake in Valaris during the third quarter valued at $25,000. Signaturefd LLC grew its position in shares of Valaris by 395.0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock valued at $65,000 after acquiring an additional 1,177 shares during the period. Blue Trust Inc. increased its stake in shares of Valaris by 41.0% in the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after purchasing an additional 511 shares in the last quarter. KBC Group NV raised its holdings in Valaris by 63.3% in the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock worth $130,000 after purchasing an additional 1,135 shares during the period. Finally, Spire Wealth Management boosted its position in Valaris by 24.3% during the fourth quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock worth $186,000 after purchasing an additional 821 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Stock Performance

NYSE:VAL opened at $39.49 on Wednesday. Valaris Limited has a twelve month low of $31.15 and a twelve month high of $84.20. The company has a market cap of $2.80 billion, a P/E ratio of 7.68 and a beta of 1.16. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $43.39 and its 200-day moving average price is $47.44.

Valaris (NYSE:VAL) last released its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.68. The business had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. On average, sell-side analysts forecast that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VAL shares. Barclays cut their price objective on Valaris from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Valaris to a “sell” rating in a research report on Thursday, February 20th. Susquehanna cut their target price on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. JPMorgan Chase & Co. began coverage on shares of Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target on the stock. Finally, Citigroup boosted their price objective on Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Valaris has an average rating of “Hold” and an average price target of $55.00.

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.