Nomura Holdings Inc. purchased a new position in Ensco Rowan PLC (NYSE:ESV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 565,735 shares of the offshore drilling services provider’s stock, valued at approximately $4,906,000. Nomura Holdings Inc. owned 0.29% of Ensco Rowan at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ESV. Morgan Stanley raised its holdings in Ensco Rowan by 218.9% in the 2nd quarter. Morgan Stanley now owns 6,061,334 shares of the offshore drilling services provider’s stock worth $51,703,000 after purchasing an additional 4,160,666 shares during the period. Ruffer LLP acquired a new position in shares of Ensco Rowan during the second quarter valued at approximately $25,513,000. Brigade Capital Management LP acquired a new position in shares of Ensco Rowan during the second quarter valued at approximately $23,963,000. Strs Ohio acquired a new position in shares of Ensco Rowan during the second quarter valued at approximately $22,785,000. Finally, King Street Capital Management L.P. acquired a new position in shares of Ensco Rowan during the second quarter valued at approximately $17,007,000.
Separately, Bank of America assumed coverage on Ensco Rowan in a report on Monday, June 10th. They set an “underperform” rating and a $7.00 target price for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Ensco Rowan has an average rating of “Hold” and a consensus price target of $10.05.
Shares of Ensco Rowan stock opened at $5.02 on Friday. The firm has a market capitalization of $991.65 million, a price-to-earnings ratio of -0.94 and a beta of 2.22. Ensco Rowan PLC has a fifty-two week low of $6.54 and a fifty-two week high of $38.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a 50 day moving average of $6.58 and a 200 day moving average of $8.14.
Ensco Rowan Profile
Ensco Rowan plc provides offshore drilling services in various water depths worldwide. It operates a rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups. The company's offshore fleet include 16 drillships, 12 semisubmersibles, 54 jackups, and 2 deepwater managed units.
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