Privium Fund Management B.V. Sells 523 Shares of Valaris Limited (NYSE:VAL)

Privium Fund Management B.V. lessened its stake in shares of Valaris Limited (NYSE:VAL) by 6.4% during the third quarter, Holdings Channel.com reports. The fund owned 7,611 shares of the company’s stock after selling 523 shares during the period. Privium Fund Management B.V.’s holdings in Valaris were worth $424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of Valaris by 180.8% in the first quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $27,000 after purchasing an additional 235 shares during the period. Headlands Technologies LLC bought a new position in Valaris in the 1st quarter valued at about $149,000. Evergreen Capital Management LLC bought a new position in Valaris in the 2nd quarter valued at about $204,000. Choreo LLC acquired a new position in shares of Valaris in the 2nd quarter valued at approximately $204,000. Finally, Scientech Research LLC acquired a new stake in shares of Valaris during the 2nd quarter worth approximately $211,000. 96.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VAL has been the topic of several recent analyst reports. Pickering Energy Partners lowered Valaris from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 16th. Benchmark downgraded shares of Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Susquehanna lowered their price objective on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Citigroup dropped their price objective on shares of Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Finally, Barclays decreased their target price on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. 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 data from MarketBeat.com, Valaris presently has an average rating of “Hold” and a consensus target price of $80.00.

Valaris Price Performance

Shares of VAL opened at $50.00 on Friday. The business has a 50-day moving average of $53.42 and a 200-day moving average of $65.17. 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 company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 3.43 and a beta of 1.17. Valaris Limited has a 1 year low of $48.04 and a 1 year high of $84.20.

Insider Buying and Selling at Valaris

In other news, SVP Matthew Lyne sold 26,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 24,388 shares in the company, valued at approximately $1,360,118.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Matthew Lyne sold 26,000 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the transaction, the senior vice president now directly owns 24,388 shares of the company’s stock, valued at $1,360,118.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Davor Vukadin sold 15,403 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $56.64, for a total value of $872,425.92. Following the sale, the senior vice president now owns 13,334 shares in the company, valued at approximately $755,237.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,403 shares of company stock valued at $4,028,246. 0.12% of the stock is currently owned by company insiders.

Valaris 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.