Jane Street Group LLC Increases Stock Holdings in Precision Drilling Co. (NYSE:PDS)

Jane Street Group LLC lifted its stake in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 73.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,440 shares of the oil and gas company’s stock after buying an additional 6,967 shares during the quarter. Jane Street Group LLC owned 0.12% of Precision Drilling worth $1,014,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Polar Asset Management Partners Inc. boosted its position in Precision Drilling by 111.1% during 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. Dimensional Fund Advisors LP boosted its position in Precision Drilling by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 201,625 shares of the oil and gas company’s stock valued at $14,182,000 after purchasing an additional 28,947 shares during the period. Point72 Asset Management L.P. boosted its position in Precision Drilling by 31.1% during 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. Sumitomo Mitsui Trust Group Inc. acquired a new position in Precision Drilling during the 3rd quarter valued at approximately $472,000. Finally, Versor Investments LP acquired a new position in Precision Drilling during the 2nd quarter valued at approximately $527,000. 48.86% of the stock is currently owned by hedge funds and other institutional investors.

Precision Drilling Trading Up 3.0 %

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

Precision Drilling 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.