New York State Teachers Retirement System trimmed its position in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,439 shares of the offshore driller’s stock after selling 9,200 shares during the period. New York State Teachers Retirement System owned approximately 0.19% of Atwood Oceanics worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new stake in shares of Atwood Oceanics during the 3rd quarter worth approximately $346,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Atwood Oceanics during the 3rd quarter worth approximately $12,019,000. Banco BTG Pactual S.A. purchased a new stake in Atwood Oceanics during the 2nd quarter valued at $2,812,000. Public Employees Retirement System of Ohio raised its holdings in Atwood Oceanics by 21.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 23,694 shares of the offshore driller’s stock valued at $193,000 after buying an additional 4,111 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new stake in Atwood Oceanics during the 2nd quarter valued at $133,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Atwood Oceanics, Inc. (ATW) opened at $9.32 on Tuesday. Atwood Oceanics, Inc. has a 12-month low of $5.91 and a 12-month high of $15.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 8.80 and a quick ratio of 7.45.
Several research firms recently weighed in on ATW. Jefferies Group LLC set a $10.00 price target on Atwood Oceanics and gave the company a “hold” rating in a report on Thursday, October 5th. Zacks Investment Research lowered Atwood Oceanics from a “hold” rating to a “sell” rating in a report on Friday, October 6th. ValuEngine lowered Atwood Oceanics from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Piper Jaffray Companies restated a “hold” rating and set a $9.00 price target on shares of Atwood Oceanics in a report on Tuesday, September 19th. Finally, TheStreet lowered Atwood Oceanics from a “c-” rating to a “d+” rating in a report on Monday, August 7th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Atwood Oceanics currently has a consensus rating of “Hold” and a consensus target price of $11.24.
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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.
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