Price T Rowe Associates Inc. MD Sells 772,387 Shares of Ensco Rowan PLC (NYSE:ESV)

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Price T Rowe Associates Inc. MD trimmed its holdings in Ensco Rowan PLC (NYSE:ESV) by 70.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,095 shares of the offshore drilling services provider’s stock after selling 772,387 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.16% of Ensco Rowan worth $2,756,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Canyon Capital Advisors LLC boosted its stake in Ensco Rowan by 608.6% in the 2nd quarter. Canyon Capital Advisors LLC now owns 7,751,529 shares of the offshore drilling services provider’s stock worth $66,121,000 after purchasing an additional 6,657,559 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Ensco Rowan by 47.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 72,883 shares of the offshore drilling services provider’s stock worth $622,000 after purchasing an additional 23,471 shares during the period. Nomura Holdings Inc. bought a new position in Ensco Rowan in the 2nd quarter worth approximately $4,906,000. Morgan Stanley boosted its stake 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. Finally, AQR Capital Management LLC bought a new position in Ensco Rowan in the 2nd quarter worth approximately $100,000.

The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.64. The company has a market cap of $991.65 million, a P/E ratio of -0.94 and a beta of 2.22. Ensco Rowan PLC has a 52-week low of $6.54 and a 52-week high of $38.04. The firm’s 50 day moving average price is $6.58 and its 200 day moving average price is $8.16.

Ensco Rowan Company 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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Institutional Ownership by Quarter for Ensco Rowan (NYSE:ESV)

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