FNY Investment Advisers LLC purchased a new stake in shares of Borr Drilling Limited (NYSE:BORR – Get Rating ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 95,000 shares of the company’s stock, valued at approximately $472,000. FNY Investment Advisers LLC owned about 0.06% of Borr Drilling as of its most recent filing with the Securities and Exchange Commission (SEC).
→ Bank accounts: Frozen! (From Weiss Ratings)
Other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in shares of Borr Drilling by 42.5% in the third quarter. ProShare Advisors LLC now owns 21,506 shares of the company’s stock valued at $72,000 after buying an additional 6,409 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Borr Drilling by 157.1% in the third quarter. Tower Research Capital LLC TRC now owns 14,059 shares of the company’s stock valued at $47,000 after purchasing an additional 8,591 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Borr Drilling by 21.7% in the third quarter. Two Sigma Advisers LP now owns 49,750 shares of the company’s stock valued at $165,000 after purchasing an additional 8,856 shares during the period. Amalgamated Bank boosted its position in shares of Borr Drilling by 48.4% during the third quarter. Amalgamated Bank now owns 28,112 shares of the company’s stock valued at $93,000 after buying an additional 9,165 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in Borr Drilling by 53.0% in the third quarter. Virtu Financial LLC now owns 28,794 shares of the company’s stock valued at $96,000 after buying an additional 9,971 shares in the last quarter. 30.55% of the shares are currently owned by institutional investors.
Borr Drilling Trading up 3.6%
BORR traded up $0.23 during trading on Friday, reaching $6.63. The company’s stock had a trading volume of 2,206,136 shares, compared to its average volume of 1,818,526. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.01 billion, a P/E ratio of -3.58 and a beta of 3.29. The stock’s fifty-day moving average is $6.34 and its 200-day moving average is $5.03. Borr Drilling Limited has a twelve month low of $2.45 and a twelve month high of $7.72.
Borr Drilling (NYSE:BORR – Get Rating ) last announced its earnings results on Wednesday, February 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $148.60 million for the quarter. Borr Drilling had a negative net margin of 65.98% and a negative return on equity of 19.32%.
Changes in analyst ratings
A number of brokerages recently commented on BORR. BTIG Research boosted their target price on Borr Drilling from $7.00 to $8.00 in a research report on Wednesday, January 25th. Evercore ISI boosted their target price on shares of Borr Drilling from $8.00 to $10.00 and gave the company an “in-line” rating in a research report on Tuesday, February 14th.
Bor drilling profile
Borr Drilling Ltd. is engaged in the provision of offshore drilling services to the oil and gas industry. Works through Dayrate; and Integrated Drilling Services (IWS) segments. The Dayrate segment consists of drilling charters and ancillary services. The IWS segment provides integrated well services through Opex and Akal.
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