Fairpointe Capital LLC Cuts Holdings in Atwood Oceanics, Inc. (ATW)

Fairpointe Capital LLC decreased its holdings in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 86.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 87,000 shares of the offshore driller’s stock after selling 553,400 shares during the period. Fairpointe Capital LLC owned 0.11% of Atwood Oceanics worth $709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State of Alaska Department of Revenue grew its position in shares of Atwood Oceanics by 77.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,660 shares of the offshore driller’s stock worth $119,000 after buying an additional 6,400 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Atwood Oceanics by 20.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 16,640 shares of the offshore driller’s stock worth $159,000 after buying an additional 2,880 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of Atwood Oceanics by 32.9% in the 1st quarter. Mason Street Advisors LLC now owns 17,499 shares of the offshore driller’s stock worth $167,000 after buying an additional 4,329 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Atwood Oceanics by 6.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 19,583 shares of the offshore driller’s stock worth $187,000 after buying an additional 1,104 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Atwood Oceanics in the 2nd quarter worth approximately $176,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of Atwood Oceanics, Inc. (NYSE:ATW) traded up 1.97% during mid-day trading on Tuesday, reaching $9.32. 29,578,438 shares of the company’s stock traded hands. The firm’s 50-day moving average is $7.86 and its 200 day moving average is $8.19. Atwood Oceanics, Inc. has a one year low of $5.91 and a one year high of $15.37. The firm’s market cap is $749.87 million.

Atwood Oceanics (NYSE:ATW) last announced its earnings results on Thursday, August 3rd. The offshore driller reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $117.20 million for the quarter, compared to analyst estimates of $125.89 million. Atwood Oceanics had a negative net margin of 3.06% and a positive return on equity of 2.25%. The company’s revenue for the quarter was down 48.6% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share. Analysts predict that Atwood Oceanics, Inc. will post ($0.50) earnings per share for the current year.

A number of brokerages have recently issued reports on ATW. Jefferies Group LLC set a $10.00 price objective on shares of Atwood Oceanics and gave the stock a “hold” rating in a research report on Monday, June 19th. Zacks Investment Research raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Wednesday, July 12th. ValuEngine raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub raised shares of Atwood Oceanics from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, TheStreet downgraded shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a research report on Monday, August 7th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four 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 an average price target of $11.67.

ILLEGAL ACTIVITY WARNING: “Fairpointe Capital LLC Cuts Holdings in Atwood Oceanics, Inc. (ATW)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and republished in violation of US & in

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State of Alaska Department of Revenue grew its position in shares of Atwood Oceanics by 77.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,660 shares of the offshore driller’s stock worth $119,000 after buying an additional 6,400 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Atwood Oceanics by 20.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 16,640 shares of the offshore driller’s stock worth $159,000 after buying an additional 2,880 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of Atwood Oceanics by 32.9% in the 1st quarter. Mason Street Advisors LLC now owns 17,499 shares of the offshore driller’s stock worth $167,000 after buying an additional 4,329 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Atwood Oceanics by 6.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 19,583 shares of the offshore driller’s stock worth $187,000 after buying an additional 1,104 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Atwood Oceanics in the 2nd quarter worth approximately $176,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of Atwood Oceanics, Inc. (NYSE:ATW) traded up 1.97% during mid-day trading on Tuesday, reaching $9.32. 29,578,438 shares of the company’s stock traded hands. The firm’s 50-day moving average is $7.86 and its 200 day moving average is $8.19. Atwood Oceanics, Inc. has a one year low of $5.91 and a one year high of $15.37. The firm’s market cap is $749.87 million.

Atwood Oceanics (NYSE:ATW) last announced its earnings results on Thursday, August 3rd. The offshore driller reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $117.20 million for the quarter, compared to analyst estimates of $125.89 million. Atwood Oceanics had a negative net margin of 3.06% and a positive return on equity of 2.25%. The company’s revenue for the quarter was down 48.6% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share. Analysts predict that Atwood Oceanics, Inc. will post ($0.50) earnings per share for the current year.

A number of brokerages have recently issued reports on ATW. Jefferies Group LLC set a $10.00 price objective on shares of Atwood Oceanics and gave the stock a “hold” rating in a research report on Monday, June 19th. Zacks Investment Research raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Wednesday, July 12th. ValuEngine raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub raised shares of Atwood Oceanics from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, TheStreet downgraded shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a research report on Monday, August 7th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four 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 an average price target of $11.67.

ILLEGAL ACTIVITY WARNING: “Fairpointe Capital LLC Cuts Holdings in Atwood Oceanics, Inc. (ATW)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/10/10/fairpointe-capital-llc-cuts-holdings-in-atwood-oceanics-inc-atw.html.

Atwood Oceanics Company Profile

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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Institutional Ownership by Quarter for Atwood Oceanics (NYSE:ATW)

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