Townsquare Capital LLC Acquires 16,829 Shares of Valaris Limited (NYSE:VAL)

Townsquare Capital LLC raised its holdings in shares of Valaris Limited (NYSE:VAL) by 13.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,172 shares of the company’s stock after acquiring an additional 16,829 shares during the quarter. Townsquare Capital LLC owned approximately 0.20% of Valaris worth $7,815,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Arizona State Retirement System grew its stake in shares of Valaris by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 18,244 shares of the company’s stock worth $1,359,000 after acquiring an additional 214 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Valaris by 180.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $27,000 after acquiring an additional 235 shares in the last quarter. World Equity Group Inc. grew its stake in shares of Valaris by 1.9% during the 2nd quarter. World Equity Group Inc. now owns 12,827 shares of the company’s stock worth $956,000 after acquiring an additional 238 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Valaris by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,080 shares of the company’s stock worth $378,000 after acquiring an additional 243 shares in the last quarter. Finally, Deane Retirement Strategies Inc. grew its stake in shares of Valaris by 0.6% during the 3rd quarter. Deane Retirement Strategies Inc. now owns 40,504 shares of the company’s stock worth $2,259,000 after acquiring an additional 251 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Insider Buying and Selling at Valaris

In other news, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the completion of the sale, the senior vice president now owns 13,334 shares of the company’s stock, valued at approximately $755,237.76. This trade represents a 53.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Gilles Luca sold 30,000 shares of Valaris stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.86, for a total value of $1,705,800.00. Following the sale, the chief operating officer now directly owns 108,342 shares of the company’s stock, valued at $6,160,326.12. This represents a 21.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,403 shares of company stock valued at $4,028,246 in the last quarter. 0.12% of the stock is currently owned by insiders.

Valaris Trading Down 0.9 %

Shares of Valaris stock opened at $45.57 on Thursday. The business has a fifty day simple moving average of $51.41 and a two-hundred day simple moving average of $63.28. Valaris Limited has a 1 year low of $45.42 and a 1 year high of $84.20. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 3.13 and a beta of 1.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61.

Analysts Set New Price Targets

Several equities analysts recently weighed in on VAL shares. Citigroup decreased their target price on shares of Valaris from $71.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays decreased their target price on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Susquehanna decreased their target price on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Benchmark cut shares of Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Valaris currently has an average rating of “Hold” and a consensus price target of $77.83.

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.