Voya Investment Management LLC Cuts Holdings in Atwood Oceanics, Inc. (ATW)

Voya Investment Management LLC lowered its holdings in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 75.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,443 shares of the offshore driller’s stock after selling 111,691 shares during the period. Voya Investment Management LLC’s holdings in Atwood Oceanics were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ATW. State of Alaska Department of Revenue raised its position in Atwood Oceanics by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 14,660 shares of the offshore driller’s stock worth $119,000 after acquiring an additional 6,400 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Atwood Oceanics by 6.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 17,670 shares of the offshore driller’s stock valued at $144,000 after buying an additional 1,030 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Atwood Oceanics by 6.0% in the first quarter. Public Employees Retirement System of Ohio now owns 19,583 shares of the offshore driller’s stock valued at $187,000 after buying an additional 1,104 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Atwood Oceanics by 56.1% in the second quarter. BNP Paribas Arbitrage SA now owns 23,112 shares of the offshore driller’s stock valued at $188,000 after buying an additional 8,303 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new position in shares of Atwood Oceanics in the second quarter valued at approximately $212,000. Institutional investors own 91.97% of the company’s stock.

A number of research firms have recently weighed in on ATW. ValuEngine raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Atwood Oceanics from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub raised shares of Atwood Oceanics from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. TheStreet lowered shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a research report on Monday, August 7th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $9.00 price objective on shares of Atwood Oceanics in a research report on Tuesday, September 19th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.24.

Shares of Atwood Oceanics, Inc. (NYSE ATW) opened at $9.32 on Thursday. The company has a quick ratio of 7.45, a current ratio of 8.80 and a debt-to-equity ratio of 0.38. Atwood Oceanics, Inc. has a 52 week low of $5.91 and a 52 week high of $15.37.

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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.

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

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