Pictet Asset Management SA Takes Position in Borr Drilling Limited (NYSE:BORR)

Pictet Asset Management SA acquired a new stake in Borr Drilling Limited (NYSE:BORRGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 71,472 shares of the company’s stock, valued at approximately $318,000.

Several other hedge funds have also modified their holdings of the stock. State Board of Administration of Florida Retirement System acquired a new stake in shares of Borr Drilling in the second quarter valued at $120,000. Nisa Investment Advisors LLC acquired a new stake in shares of Borr Drilling in the second quarter valued at $26,000. ProShare Advisors LLC acquired a new stake in shares of Borr Drilling in the second quarter valued at $70,000. SG Americas Securities LLC acquired a new stake in shares of Borr Drilling in the second quarter valued at $175,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Borr Drilling in the second quarter valued at $177,000.

Borr Drilling Stock Down 3.1 %

Borr Drilling stock opened at $4.74 on Thursday. Borr Drilling Limited has a 1-year low of $1.45 and a 1-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 stock has a market cap of $722.83 million, a PE ratio of -2.28 and a beta of 3.59. The stock’s fifty day moving average is $4.20 and its two-hundred day moving average is $4.38.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BORR. Clarkson Capital upgraded Borr Drilling from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 20th. DNB Markets began coverage on Borr Drilling in a research note on Monday, September 12th. They issued a “buy” rating on the stock.

Borr Drilling Profile

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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.

See Also

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

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