Systematic Financial Management LP trimmed its holdings in shares of Ensco Plc (NYSE:ESV) by 9.5% in the fourth quarter, Holdings Channel reports. The firm owned 277,250 shares of the offshore drilling services provider’s stock after selling 29,100 shares during the period. Systematic Financial Management LP’s holdings in Ensco were worth $1,639,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Bedel Financial Consulting Inc. acquired a new stake in shares of Ensco during the 4th quarter worth about $100,000. Private Advisor Group LLC acquired a new stake in shares of Ensco during the 3rd quarter worth about $100,000. Harvest Management LLC acquired a new stake in shares of Ensco during the 3rd quarter worth about $119,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Ensco during the 3rd quarter worth about $121,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Ensco during the 3rd quarter worth about $127,000. 70.86% of the stock is owned by hedge funds and other institutional investors.
Ensco Plc (NYSE:ESV) opened at $5.28 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.04 and a quick ratio of 5.04. The stock has a market capitalization of $2,977.47, a PE ratio of -27.58 and a beta of 1.74. Ensco Plc has a 52 week low of $4.10 and a 52 week high of $10.53.
ESV has been the subject of a number of recent analyst reports. Cowen set a $6.00 price objective on Ensco and gave the stock a “hold” rating in a research report on Thursday, January 11th. Susquehanna Bancshares set a $7.00 price objective on Ensco and gave the stock a “hold” rating in a research report on Friday, January 12th. Jefferies Group set a $6.00 price objective on Ensco and gave the stock a “hold” rating in a research report on Thursday, January 4th. ValuEngine raised Ensco from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Credit Suisse Group downgraded Ensco from an “outperform” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $7.52.
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Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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