James Investment Research Inc. Sells 6,065 Shares of Diamond Offshore Drilling Inc (DO)

James Investment Research Inc. trimmed its holdings in shares of Diamond Offshore Drilling Inc (NYSE:DO) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,795 shares of the offshore drilling services provider’s stock after selling 6,065 shares during the period. James Investment Research Inc. owned about 0.06% of Diamond Offshore Drilling worth $1,576,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DO. Principal Financial Group Inc. increased its stake in shares of Diamond Offshore Drilling by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 357,972 shares of the offshore drilling services provider’s stock worth $5,248,000 after purchasing an additional 10,132 shares in the last quarter. Guggenheim Capital LLC boosted its position in Diamond Offshore Drilling by 1.3% during the first quarter. Guggenheim Capital LLC now owns 215,139 shares of the offshore drilling services provider’s stock worth $3,153,000 after acquiring an additional 2,751 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in Diamond Offshore Drilling during the second quarter worth approximately $3,454,000. V Wealth Management LLC acquired a new stake in Diamond Offshore Drilling during the second quarter worth approximately $238,000. Finally, GWM Advisors LLC acquired a new stake in Diamond Offshore Drilling during the second quarter worth approximately $361,000.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Diamond Offshore Drilling from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 12th. Credit Suisse Group raised their target price on shares of Diamond Offshore Drilling from $14.00 to $15.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 31st. Royal Bank of Canada restated a “hold” rating and set a $23.00 target price on shares of Diamond Offshore Drilling in a research report on Tuesday, July 31st. Johnson Rice lowered shares of Diamond Offshore Drilling from a “hold” rating to a “sell” rating and set a $15.00 target price on the stock. in a research report on Wednesday, October 17th. Finally, Barclays raised their target price on shares of Diamond Offshore Drilling from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, August 9th. Eleven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $16.61.

Shares of DO opened at $14.21 on Friday. Diamond Offshore Drilling Inc has a fifty-two week low of $13.59 and a fifty-two week high of $21.92. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.53.

Diamond Offshore Drilling Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 17 offshore drilling rigs, which comprises 4 drillships, 7 ultra-deepwater, 4 deepwater, and 2 mid-water semisubmersibles.

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Institutional Ownership by Quarter for Diamond Offshore Drilling (NYSE:DO)

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