24,702 Shares in Valaris Limited $VAL Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in Valaris Limited (NYSE:VAL) during the third quarter, HoldingsChannel.com reports. The fund purchased 24,702 shares of the company’s stock, valued at approximately $1,205,000.

Several other hedge funds have also bought and sold shares of the stock. Lingotto Investment Management LLP grew its position in shares of Valaris by 1.1% during the second quarter. Lingotto Investment Management LLP now owns 3,655,900 shares of the company’s stock valued at $153,950,000 after purchasing an additional 38,579 shares in the last quarter. Dalal Street LLC lifted its position in shares of Valaris by 32.0% in the second quarter. Dalal Street LLC now owns 1,883,777 shares of the company’s stock worth $79,326,000 after buying an additional 456,213 shares in the last quarter. Schf GPE LLC bought a new position in Valaris during the second quarter valued at approximately $77,675,000. Geode Capital Management LLC grew its holdings in Valaris by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,592,885 shares of the company’s stock valued at $67,084,000 after buying an additional 52,367 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Valaris by 491.1% in the 2nd quarter. American Century Companies Inc. now owns 681,067 shares of the company’s stock worth $28,680,000 after acquiring an additional 565,856 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Trading Up 2.3%

Shares of VAL opened at $91.02 on Thursday. The company’s fifty day simple moving average is $59.44 and its 200-day simple moving average is $54.63. The company has a market cap of $6.33 billion, a P/E ratio of 16.22 and a beta of 1.18. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.44. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $96.40.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VAL. Citigroup lowered their target price on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Barclays upped their target price on shares of Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, BTIG Research lifted their price target on Valaris from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.56.

About Valaris

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.