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Diamond Offshore Drilling In (DO) Holder Contrarius Investment Management LTD Has Trimmed Its Stake as Share Value Declined

Diamond Offshore Drilling, Inc. (NYSE:DO) LogoInvestors sentiment increased to 1.04 in Q2 2018. Its up 0.20, from 0.84 in 2018Q1. It improved, as 26 investors sold DO shares while 65 reduced holdings. 37 funds opened positions while 58 raised stakes. 144.53 million shares or 1.15% more from 142.89 million shares in 2018Q1 were reported. Moreover, State Street Corp has 0.01% invested in Diamond Offshore Drilling, Inc. (NYSE:DO). Guggenheim Cap Ltd holds 0.01% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO) for 76,969 shares. Tower Capital Ltd Liability Corporation (Trc) has 1,129 shares. Netherlands-based Robeco Institutional Asset Bv has invested 0.08% in Diamond Offshore Drilling, Inc. (NYSE:DO). Elkhorn Partnership reported 16,700 shares. Hikari Pwr Limited stated it has 35,200 shares. Moreover, Glacier Peak Cap Ltd Llc has 0.32% invested in Diamond Offshore Drilling, Inc. (NYSE:DO) for 20,000 shares. Retirement Sys Of Alabama holds 0.01% or 83,639 shares. Driehaus Management Limited Liability holds 135,815 shares or 0.1% of its portfolio. 34,147 were reported by Aimz Advsr Ltd Liability Corporation. Reilly Fin Lc stated it has 0% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Millennium Management Limited Liability Co owns 38,232 shares for 0% of their portfolio. Corecommodity Mgmt Llc owns 36,464 shares. Riverhead Cap Lc has 0% invested in Diamond Offshore Drilling, Inc. (NYSE:DO). Panagora Asset Mngmt reported 12,785 shares stake.

Since May 2, 2018, it had 0 insider buys, and 3 sales for $2.19 million activity. Another trade for 1,744 shares valued at $34,409 was sold by ROLAND DAVID L.

Contrarius Investment Management Ltd decreased its stake in Diamond Offshore Drilling In (DO) by 14.03% based on its latest 2018Q2 regulatory filing with the SEC. Contrarius Investment Management Ltd sold 1.35M shares as the company’s stock declined 9.07% while stock markets rallied. The institutional investor held 8.28 million shares of the energy company at the end of 2018Q2, valued at $172.70M, down from 9.63 million at the end of the previous reported quarter. Contrarius Investment Management Ltd who had been investing in Diamond Offshore Drilling In for a number of months, seems to be less bullish one the $2.43B market cap company. The stock increased 0.23% or $0.04 during the last trading session, reaching $17.71. About 1.08M shares traded. Diamond Offshore Drilling, Inc. (NYSE:DO) has risen 30.34% since October 21, 2017 and is uptrending. It has outperformed by 14.72% the S&P500.

Contrarius Investment Management Ltd, which manages about $2.55 billion US Long portfolio, upped its stake in Bed Bath & Beyond Inc (NASDAQ:BBBY) by 259,348 shares to 6.60 million shares, valued at $131.43 million in 2018Q2, according to the filing. It also increased its holding in Viacom Inc New (NASDAQ:VIAB) by 1.32 million shares in the quarter, for a total of 4.49 million shares, and has risen its stake in Ensco Plc (NYSE:ESV).

Analysts await Diamond Offshore Drilling, Inc. (NYSE:DO) to report earnings on October, 29. They expect $-0.37 earnings per share, down 248.00 % or $0.62 from last year’s $0.25 per share. After $-0.33 actual earnings per share reported by Diamond Offshore Drilling, Inc. for the previous quarter, Wall Street now forecasts 12.12 % negative EPS growth.

More recent Diamond Offshore Drilling, Inc. (NYSE:DO) news were published by: Seekingalpha.com which released: “Diamond Offshore Announces New Credit Facility” on October 05, 2018. Also Seekingalpha.com published the news titled: “Diamond Offshore: Looking At M&A Perspectives After Ensco/Rowan Merger” on October 09, 2018. Investorplace.com‘s news article titled: “7 Energy Stocks to Sell Immediately” with publication date: October 18, 2018 was also an interesting one.

Diamond Offshore Drilling, Inc. (NYSE:DO) Ratings Coverage

Among 8 analysts covering Diamond Offshore Drilling (NYSE:DO), 3 have Buy rating, 4 Sell and 1 Hold. Therefore 38% are positive. Diamond Offshore Drilling had 9 analyst reports since July 20, 2018 according to SRatingsIntel. As per Friday, October 12, the company rating was downgraded by JP Morgan. The firm earned “Accumulate” rating on Thursday, October 18 by Fearnleys. The company was maintained on Thursday, August 9 by Barclays Capital. The firm has “Neutral” rating given on Wednesday, August 1 by FBR Capital. HSBC upgraded Diamond Offshore Drilling, Inc. (NYSE:DO) on Friday, September 21 to “Buy” rating. The firm has “Outperform” rating given on Thursday, September 20 by RBC Capital Markets. The firm has “Reduce” rating given on Friday, July 20 by Fearnleys. The rating was maintained by Credit Suisse on Tuesday, July 31 with “Underperform”.

Diamond Offshore Drilling, Inc. (NYSE:DO) Institutional Positions Chart

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