Jane Street Group LLC Acquires 6,967 Shares of Precision Drilling Co. (NYSE:PDS)

Jane Street Group LLC increased its holdings in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 73.5% during the third quarter, Holdings Channel reports. The fund owned 16,440 shares of the oil and gas company’s stock after purchasing an additional 6,967 shares during the period. Jane Street Group LLC’s holdings in Precision Drilling were worth $1,014,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Squarepoint Ops LLC acquired a new position in shares of Precision Drilling in the 2nd quarter valued at $210,000. Point72 Asset Management L.P. lifted its stake in shares of Precision Drilling by 31.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 57,949 shares of the oil and gas company’s stock valued at $4,073,000 after purchasing an additional 13,749 shares during the period. Signaturefd LLC lifted its stake in shares of Precision Drilling by 19.9% in the 3rd quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 276 shares during the period. Polar Asset Management Partners Inc. lifted its stake in shares of Precision Drilling by 111.1% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 68,600 shares of the oil and gas company’s stock valued at $4,226,000 after purchasing an additional 36,100 shares during the period. Finally, Versor Investments LP acquired a new position in shares of Precision Drilling in the 2nd quarter valued at $527,000. 48.86% of the stock is currently owned by institutional investors.

Precision Drilling Stock Up 3.0 %

NYSE:PDS opened at $59.40 on Tuesday. Precision Drilling Co. has a 1 year low of $51.53 and a 1 year high of $79.07. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.47. The stock has a market cap of $828.87 million, a price-to-earnings ratio of 5.02 and a beta of 1.96. The stock has a 50-day moving average price of $60.94 and a two-hundred day moving average price of $65.51.

Precision Drilling Company Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.