S. Muoio & CO. LLC bought a new position in shares of Atwood Oceanics, Inc. (NYSE:ATW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 300,000 shares of the offshore driller’s stock, valued at approximately $2,445,000. Atwood Oceanics makes up about 1.2% of S. Muoio & CO. LLC’s portfolio, making the stock its 28th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ATW. Arizona State Retirement System boosted its position in Atwood Oceanics by 0.3% in the second quarter. Arizona State Retirement System now owns 39,100 shares of the offshore driller’s stock worth $319,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. boosted its position in Atwood Oceanics by 1.0% in the second quarter. Capstone Asset Management Co. now owns 35,449 shares of the offshore driller’s stock worth $289,000 after buying an additional 350 shares during the last quarter. Texas Permanent School Fund boosted its position in Atwood Oceanics by 0.9% in the second quarter. Texas Permanent School Fund now owns 54,672 shares of the offshore driller’s stock worth $446,000 after buying an additional 490 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Atwood Oceanics by 6.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 17,670 shares of the offshore driller’s stock worth $144,000 after buying an additional 1,030 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Atwood Oceanics by 6.0% in the first quarter. Public Employees Retirement System of Ohio now owns 19,583 shares of the offshore driller’s stock worth $187,000 after buying an additional 1,104 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Shares of Atwood Oceanics, Inc. (NYSE:ATW) opened at 6.73 on Tuesday. The stock’s market capitalization is $541.48 million. Atwood Oceanics, Inc. has a 1-year low of $6.12 and a 1-year high of $15.37. The company’s 50 day moving average is $7.78 and its 200-day moving average is $8.95.

Atwood Oceanics (NYSE:ATW) last released its quarterly earnings results on Thursday, August 3rd. The offshore driller reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $117.20 million for the quarter, compared to analyst estimates of $125.89 million. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. Atwood Oceanics’s revenue for the quarter was down 48.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 EPS. Equities analysts anticipate that Atwood Oceanics, Inc. will post ($0.30) earnings per share for the current fiscal year.

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A number of research analysts have commented on the stock. Jefferies Group LLC set a $10.00 target price on shares of Atwood Oceanics and gave the company a “hold” rating in a research report on Wednesday, May 17th. ValuEngine raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Wednesday, July 12th. TheStreet cut shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a research report on Monday, August 7th. Finally, Piper Jaffray Companies cut shares of Atwood Oceanics from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $10.00 in a research report on Monday, June 19th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.40.

About Atwood Oceanics

Atwood Oceanics, Inc is an offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The Company owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey.

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Institutional Ownership by Quarter for Atwood Oceanics (NYSE:ATW)

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