Investment Manager Exits Valaris After 30% Stock Drop Amid Offshore Sector Weakness

On Tuesday, Massachusetts-based Lane Generational fully exited its position in Valaris Limited (NYSE:VAL), selling 71,869 shares for an estimated $3 million, according to an SEC filing for the period ended September 30.According to a filing with the Securities and Exchange Commission released Tuesday, Lane Generational sold all 71,869 shares of Valaris Limited (NYSE:VAL), fully liquidating its position. The transaction is estimated at about $3 million as reported in the 13F filing for the period ended September 30. This follows a period in which the stake accounted for 2.8% of the fund's total reportable AUM.Top holdings after the filing:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool