State Board of Administration of Florida Retirement System acquired a new stake in Borr Drilling Limited (NYSE:BORR – Get 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 %
Borr Drilling Profile
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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