KCG Holdings Inc. Has $306,000 Position in Diamond Offshore Drilling, Inc. (DO)

KCG Holdings Inc. lowered its position in shares of Diamond Offshore Drilling, Inc. (NYSE:DO) by 73.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,338 shares of the offshore drilling services provider’s stock after selling 50,120 shares during the period. KCG Holdings Inc.’s holdings in Diamond Offshore Drilling were worth $306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DO. State Treasurer State of Michigan increased its stake in Diamond Offshore Drilling by 0.8% in the first quarter. State Treasurer State of Michigan now owns 26,200 shares of the offshore drilling services provider’s stock worth $438,000 after buying an additional 200 shares during the period. Advantus Capital Management Inc increased its stake in Diamond Offshore Drilling by 3.0% in the first quarter. Advantus Capital Management Inc now owns 8,254 shares of the offshore drilling services provider’s stock worth $138,000 after buying an additional 242 shares during the period. Stephens Inc. AR increased its stake in Diamond Offshore Drilling by 0.5% in the first quarter. Stephens Inc. AR now owns 55,534 shares of the offshore drilling services provider’s stock worth $928,000 after buying an additional 264 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Diamond Offshore Drilling by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,573 shares of the offshore drilling services provider’s stock worth $377,000 after buying an additional 300 shares during the period. Finally, Mason Street Advisors LLC increased its stake in Diamond Offshore Drilling by 1.2% in the first quarter. Mason Street Advisors LLC now owns 30,457 shares of the offshore drilling services provider’s stock worth $509,000 after buying an additional 368 shares during the period.

Diamond Offshore Drilling, Inc. (NYSE:DO) opened at 11.38 on Friday. The company has a 50 day moving average of $11.42 and a 200 day moving average of $14.04. The stock has a market capitalization of $1.56 billion, a P/E ratio of 9.25 and a beta of 1.12. Diamond Offshore Drilling, Inc. has a 52 week low of $10.06 and a 52 week high of $22.65.

Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings results on Monday, July 31st. The offshore drilling services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.21. The company had revenue of $399.30 million during the quarter, compared to the consensus estimate of $381.50 million. Diamond Offshore Drilling had a return on equity of 5.77% and a net margin of 11.19%. Diamond Offshore Drilling’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. Equities analysts expect that Diamond Offshore Drilling, Inc. will post $0.94 EPS for the current fiscal year.

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A number of analysts recently issued reports on DO shares. Barclays PLC restated an “equal weight” rating and set a $15.00 price objective (down previously from $19.00) on shares of Diamond Offshore Drilling in a report on Monday, May 1st. Jefferies Group LLC restated a “hold” rating and set a $12.00 price objective (down previously from $14.00) on shares of Diamond Offshore Drilling in a report on Tuesday, July 18th. Credit Suisse Group set a $18.00 price objective on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a report on Thursday, April 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $12.50 target price on shares of Diamond Offshore Drilling in a research note on Thursday, August 3rd. Finally, Bank of America Corporation downgraded shares of Diamond Offshore Drilling from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $12.00 in a research note on Friday, June 30th. Eleven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Diamond Offshore Drilling currently has an average rating of “Hold” and a consensus target price of $15.91.

In related news, Director Paul G. Gaffney purchased 4,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was bought at an average cost of $13.67 per share, for a total transaction of $54,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water.

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

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