Moerus Capital Management LLC Sells 143,912 Shares of Valaris Limited $VAL

Moerus Capital Management LLC trimmed its holdings in shares of Valaris Limited (NYSE:VAL) by 23.7% during the first quarter, Holdings Channel reports. The firm owned 463,985 shares of the company’s stock after selling 143,912 shares during the quarter. Valaris comprises 16.8% of Moerus Capital Management LLC’s portfolio, making the stock its largest holding. Moerus Capital Management LLC’s holdings in Valaris were worth $45,489,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Valaris by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $1,440,000 after purchasing an additional 1,605 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Valaris by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock valued at $5,797,000 after buying an additional 4,263 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Valaris by 4.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after purchasing an additional 230 shares during the last quarter. Russell Investments Group Ltd. grew its position in Valaris by 17.3% in the second quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock worth $570,000 after buying an additional 1,996 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Valaris during the 2nd quarter valued at $249,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Trading Up 0.6%

NYSE VAL opened at $79.29 on Friday. The firm’s 50 day moving average price is $85.40 and its two-hundred day moving average price is $84.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. Valaris Limited has a twelve month low of $43.53 and a twelve month high of $114.12. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 5.55 and a beta of 0.93.

Valaris (NYSE:VAL) last released its earnings results on Monday, May 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The business had revenue of $465.40 million during the quarter, compared to analysts’ expectations of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. Valaris’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.53) EPS. Equities analysts anticipate that Valaris Limited will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

VAL has been the subject of several research reports. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Susquehanna reduced their target price on Valaris from $98.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $60.31.

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.