Landscape Capital Management L.L.C. Makes New $951,000 Investment in Valaris Limited (NYSE:VAL)

Landscape Capital Management L.L.C. acquired a new stake in Valaris Limited (NYSE:VAL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,061 shares of the company’s stock, valued at approximately $951,000.

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

Valaris Stock Up 3.6 %

VAL opened at $49.39 on Friday. Valaris Limited has a 52 week low of $46.03 and a 52 week high of $84.20. The business has a 50 day moving average price of $51.98 and a two-hundred day moving average price of $63.91. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.51 billion, a PE ratio of 3.39 and a beta of 1.17.

Insider Transactions at Valaris

In other news, SVP Matthew Lyne sold 26,000 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were 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 owns 24,388 shares in the company, valued at approximately $1,360,118.76. This trade represents a 51.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Davor Vukadin sold 15,403 shares of the business’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 transaction, the senior vice president now owns 13,334 shares in the company, valued at approximately $755,237.76. This trade represents a 53.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,403 shares of company stock worth $4,028,246 over the last 90 days. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Susquehanna lowered their target price on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Citigroup dropped their price objective on Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Benchmark downgraded Valaris from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Barclays dropped their price target on Valaris from $61.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.