GSA Capital Partners LLP Invests $2.03 Million in Borr Drilling Limited $BORR

GSA Capital Partners LLP acquired a new position in shares of Borr Drilling Limited (NYSE:BORR) in the 4th quarter, HoldingsChannel reports. The fund acquired 502,998 shares of the company’s stock, valued at approximately $2,027,000.

Several other large investors also recently modified their holdings of BORR. AQR Capital Management LLC acquired a new stake in shares of Borr Drilling during the 1st quarter worth approximately $476,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Borr Drilling by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 140,927 shares of the company’s stock worth $309,000 after buying an additional 6,012 shares during the period. Millennium Management LLC grew its position in shares of Borr Drilling by 1,025.5% during the 1st quarter. Millennium Management LLC now owns 3,810,556 shares of the company’s stock worth $8,345,000 after buying an additional 3,471,979 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Borr Drilling during the 1st quarter worth approximately $186,000. Finally, Creative Planning grew its position in shares of Borr Drilling by 13.1% during the 2nd quarter. Creative Planning now owns 229,786 shares of the company’s stock worth $421,000 after buying an additional 26,541 shares during the period. Institutional investors and hedge funds own 83.12% of the company’s stock.

Borr Drilling Stock Performance

NYSE BORR opened at $6.13 on Wednesday. The company has a fifty day simple moving average of $5.69 and a 200 day simple moving average of $4.80. Borr Drilling Limited has a 12-month low of $1.55 and a 12-month high of $6.66. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.65. The company has a market cap of $1.93 billion, a P/E ratio of 36.03 and a beta of 1.04.

Borr Drilling (NYSE:BORR) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.03. Borr Drilling had a net margin of 4.41% and a return on equity of 4.14%. The business had revenue of $259.40 million during the quarter, compared to the consensus estimate of $238.65 million.

Analysts Set New Price Targets

BORR has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Borr Drilling from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, March 27th. Wall Street Zen downgraded shares of Borr Drilling from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Fearnley Fonds raised shares of Borr Drilling from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, Citigroup raised their price objective on shares of Borr Drilling from $6.00 to $6.25 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.33.

About Borr Drilling

Borr Drilling is an international offshore drilling contractor providing premium jack-up drilling services to the oil and gas industry. Established in 2016 and incorporated in Bermuda with headquarters in Hamilton, the company is listed on the New York Stock Exchange under the ticker symbol BORR. Borr Drilling focuses exclusively on the ownership and operation of mobile offshore jack-up rigs, catering to exploration and production drilling projects in both mature and emerging hydrocarbon regions.

The company’s core business activities encompass the long-term contracting of high-specification jack-up rigs suitable for shallow-to-intermediate water depths.