Tejara Capital Ltd Buys 548,441 Shares of Borr Drilling Limited $BORR

Tejara Capital Ltd lifted its stake in Borr Drilling Limited (NYSE:BORR) by 56.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,518,261 shares of the company’s stock after purchasing an additional 548,441 shares during the period. Borr Drilling accounts for about 2.1% of Tejara Capital Ltd’s investment portfolio, making the stock its 16th biggest holding. Tejara Capital Ltd’s holdings in Borr Drilling were worth $4,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Borr Drilling by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 140,927 shares of the company’s stock worth $309,000 after buying an additional 6,012 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Borr Drilling by 36.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,908 shares of the company’s stock worth $57,000 after acquiring an additional 8,233 shares during the period. Oak Thistle LLC bought a new position in shares of Borr Drilling in the 3rd quarter worth approximately $29,000. Prudential Financial Inc. raised its position in shares of Borr Drilling by 70.2% in the 2nd quarter. Prudential Financial Inc. now owns 27,765 shares of the company’s stock worth $51,000 after acquiring an additional 11,450 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. purchased a new position in shares of Borr Drilling in the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BORR. Wall Street Zen raised Borr Drilling from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Borr Drilling in a report on Wednesday, January 21st. Finally, Citigroup reaffirmed a “neutral” rating and issued a $4.60 target price (up from $3.75) on shares of Borr Drilling in a research report on Monday, January 12th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.50.

Borr Drilling Stock Up 0.6%

BORR stock opened at $4.69 on Friday. The business has a 50 day moving average of $4.04 and a 200 day moving average of $3.19. The firm has a market cap of $1.48 billion, a PE ratio of 17.37 and a beta of 1.09. Borr Drilling Limited has a twelve month low of $1.55 and a twelve month high of $4.86. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.70.

Borr Drilling (NYSE:BORR) last released its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Borr Drilling had a return on equity of 7.02% and a net margin of 7.06%.The business had revenue of $277.10 million for the quarter, compared to the consensus estimate of $261.44 million.

About Borr Drilling

Borr Drilling is an international offshore drilling contractor providing premium jack-up drilling services to the oil and gas industry. Established in 2016 and incorporated in Bermuda with headquarters in Hamilton, the company is listed on the New York Stock Exchange under the ticker symbol BORR. Borr Drilling focuses exclusively on the ownership and operation of mobile offshore jack-up rigs, catering to exploration and production drilling projects in both mature and emerging hydrocarbon regions.

The company’s core business activities encompass the long-term contracting of high-specification jack-up rigs suitable for shallow-to-intermediate water depths.