Hara Capital LLC Has $3.18 Million Position in Valaris Limited (NYSE:VAL)

Hara Capital LLC grew its holdings in Valaris Limited (NYSE:VAL) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,035 shares of the company’s stock after buying an additional 4,616 shares during the quarter. Valaris accounts for approximately 1.9% of Hara Capital LLC’s holdings, making the stock its 12th biggest holding. Hara Capital LLC’s holdings in Valaris were worth $3,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VAL. SG Americas Securities LLC grew its holdings in shares of Valaris by 699.3% in the 1st quarter. SG Americas Securities LLC now owns 16,881 shares of the company’s stock worth $1,270,000 after purchasing an additional 14,769 shares during the last quarter. Virtu Financial LLC bought a new position in Valaris in the 1st quarter valued at $582,000. Natixis acquired a new position in Valaris in the first quarter worth $730,000. Diversify Advisory Services LLC grew its holdings in shares of 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 during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Valaris in the 2nd quarter valued at about $3,652,000. 96.74% of the stock is owned by institutional investors.

Valaris Trading Down 1.6 %

Shares of NYSE VAL traded down $0.84 during midday trading on Thursday, reaching $51.43. 173,104 shares of the stock were exchanged, compared to its average volume of 1,051,173. Valaris Limited has a 12 month low of $48.04 and a 12 month high of $84.20. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 3.59 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. The business has a 50-day simple moving average of $53.99 and a two-hundred day simple moving average of $65.52.

Insider Buying and Selling

In other news, SVP Davor Vukadin sold 15,403 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the sale, the senior vice president now owns 13,334 shares of the company’s stock, valued at $755,237.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Matthew Lyne sold 26,000 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the completion of the transaction, the senior vice president now directly owns 24,388 shares of the company’s stock, valued at $1,360,118.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $56.64, for a total value of $872,425.92. Following the completion of the sale, the senior vice president now directly owns 13,334 shares in the company, valued at approximately $755,237.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,403 shares of company stock valued at $4,028,246. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Susquehanna lowered their target price on Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Pickering Energy Partners cut Valaris from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th. Benchmark downgraded shares of Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Citigroup lowered their price target on shares of Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Finally, Barclays cut their price objective on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $80.00.

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.