HL Financial Services LLC increased its stake in shares of Atwood Oceanics Inc. (NYSE:ATW) by 13.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,976 shares of the company’s stock after buying an additional 11,244 shares during the period. HL Financial Services LLC’s holdings in Atwood Oceanics were worth $1,202,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new stake in Atwood Oceanics during the first quarter valued at $1,829,000. Geode Capital Management LLC increased its stake in Atwood Oceanics by 75.8% in the first quarter. Geode Capital Management LLC now owns 1,745,643 shares of the company’s stock valued at $16,007,000 after buying an additional 752,887 shares during the period. Meeder Asset Management Inc. increased its stake in Atwood Oceanics by 251.9% in the first quarter. Meeder Asset Management Inc. now owns 78,860 shares of the company’s stock valued at $723,000 after buying an additional 56,451 shares during the period. Canada Pension Plan Investment Board increased its stake in Atwood Oceanics by 1,871.1% in the first quarter. Canada Pension Plan Investment Board now owns 293,700 shares of the company’s stock valued at $2,693,000 after buying an additional 278,800 shares during the period. Finally, Huntington Asset Advisors Inc. bought a new stake in Atwood Oceanics during the first quarter valued at $183,000.
Shares of Atwood Oceanics Inc. (NYSE:ATW) traded down 5.26% on Friday, hitting $6.85. 3,178,421 shares of the stock were exchanged. Atwood Oceanics Inc. has a one year low of $4.82 and a one year high of $19.65. The firm’s 50-day moving average is $8.24 and its 200-day moving average is $9.94. The company has a market cap of $443.88 million, a P/E ratio of 1.08 and a beta of 2.23.
Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings data on Monday, August 1st. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.63. Atwood Oceanics had a net margin of 34.45% and a return on equity of 13.79%. The business earned $227.80 million during the quarter, compared to the consensus estimate of $232.74 million. During the same quarter in the prior year, the firm earned $1.73 EPS. The company’s revenue for the quarter was down 31.1% compared to the same quarter last year. On average, equities analysts forecast that Atwood Oceanics Inc. will post $4.68 EPS for the current fiscal year.
Several research firms recently weighed in on ATW. Vetr downgraded shares of Atwood Oceanics from a “strong-buy” rating to a “buy” rating and set a $14.00 target price for the company. in a report on Thursday, June 30th. Wood & Company upgraded shares of Atwood Oceanics to a “strong-buy” rating in a research note on Thursday, July 7th. Johnson Rice downgraded shares of Atwood Oceanics from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. Citigroup Inc. dropped their price target on shares of Atwood Oceanics from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Finally, Stephens restated an “overweight” rating and issued a $16.00 price target on shares of Atwood Oceanics in a research note on Monday, August 1st. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.76.
About Atwood Oceanics
Atwood Oceanics, Inc is an offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The Company owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey.
Want to see what other hedge funds are holding ATW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atwood Oceanics Inc. (NYSE:ATW).
Receive News & Ratings for Atwood Oceanics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atwood Oceanics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.