SeaDrill Limited (SDRL) loses confidence of 43 hedge fund managers

SeaDrill Limited (NYSE:SDRL) is on recovery track with 100% gain from a 1-year low price of $0.15. The company lost -11.05% to attain the price of $0.31 on 11/15/2017. Throughout the recent session, the prices were hovering between $0.3 and $0.33. These shares are 738.71% off its target price of $2.6 and the current market capitalization stands at $145.27M. The recent change has given its price a -2.8% deficit over SMA 50 and -93.33% deficit over its 52-week high. The stock witnessed 7.14% gains, 10.27% gains and -47.55% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SDRL’s volatility during a week at 13.55% and during a month it has been found around 13.67%.

SeaDrill Limited (SDRL) Top Holders

Institutional investors currently hold around $22 million or 21.5% in SDRL stock. Look at its top three institutional owners. Wealthy Fountain Holdings Inc owns $8.82 million in SeaDrill Limited, which represents roughly 6.07% of the company’s market cap and approximately 40.1% of the institutional ownership. Similar statistics are true for the second largest owner, Jpmorgan Chase & Co, which owns 5,981,063 shares of the stock are valued at $2.06 million. The third largest holder is Millennium Management Llc, which currently holds $1.99 million worth of this stock and that ownership represents nearly 1.37% of its market capitalization.

SeaDrill Limited 13F Filings

At the end of 09/30/2017 reporting period, 49 institutional holders increased their position in SeaDrill Limited (NYSE:SDRL) by some 15,330,750 shares, 94 decreased positions by 63,082,884 and 56 held positions by -14,951,240. That puts total institutional holdings at 63,462,394 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 1,322,858 shares while 43 institutional investors sold out their entire positions totaling 40,179,507 shares.

SeaDrill Limited (SDRL) Analyst Guide

Several analysts have released their opinion on SeaDrill Limited (NYSE:SDRL), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 5 average brokerage recommendation.

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