State Board of Administration of Florida Retirement System Acquires Shares of 25,940 Borr Drilling Limited (NYSE:BORR)

State Board of Administration of Florida Retirement System acquired a new stake in Borr Drilling Limited (NYSE:BORRGet Rating) in the second quarter, Holdings Channel reports. The fund acquired 25,940 shares of the company’s stock, valued at approximately $120,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in Borr Drilling during the second quarter worth $26,000. JPMorgan Chase & Co. bought a new stake in Borr Drilling during the first quarter worth $66,000. ProShare Advisors LLC bought a new stake in Borr Drilling during the second quarter worth $70,000. Strs Ohio bought a new stake in Borr Drilling during the second quarter worth $144,000. Finally, Jane Street Group LLC grew its holdings in Borr Drilling by 129.9% during the first quarter. Jane Street Group LLC now owns 48,889 shares of the company’s stock worth $165,000 after buying an additional 27,627 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on BORR. DNB Markets began coverage on Borr Drilling in a report on Monday, September 12th. They set a “buy” rating for the company. Clarkson Capital raised Borr Drilling from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 20th.

Borr Drilling Trading Up 1.0 %

NYSE BORR opened at $4.89 on Wednesday. The stock has a market capitalization of $745.70 million, a price-to-earnings ratio of -2.35 and a beta of 3.59. Borr Drilling Limited has a one year low of $1.45 and a one year high of $6.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.32 and a quick ratio of 0.32. The business’s fifty day moving average is $4.20 and its 200-day moving average is $4.38.

Borr Drilling Profile

(Get Rating)

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.

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Institutional Ownership by Quarter for Borr Drilling (NYSE:BORR)

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