AEGON USA Investment Management LLC Invests $1.14 Million in Ocean Rig UDW Inc. New (NASDAQ:ORIG) Stock

AEGON USA Investment Management LLC bought a new position in Ocean Rig UDW Inc. New (NASDAQ:ORIG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 42,703 shares of the oil and gas company’s stock, valued at approximately $1,144,000. Ocean Rig UDW Inc. New comprises approximately 0.3% of AEGON USA Investment Management LLC’s holdings, making the stock its 29th largest holding.

A number of other institutional investors have also recently modified their holdings of the business. Neuberger Berman Group LLC purchased a new position in Ocean Rig UDW Inc. New in the third quarter worth about $640,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in Ocean Rig UDW Inc. New in the fourth quarter worth about $1,278,000. Ameriprise Financial Inc. purchased a new position in Ocean Rig UDW Inc. New in the third quarter worth about $1,928,000. Calamos Advisors LLC purchased a new position in Ocean Rig UDW Inc. New in the third quarter worth about $3,106,000. Finally, Phoenix Investment Adviser LLC purchased a new position in Ocean Rig UDW Inc. New in the third quarter worth about $7,645,000. 79.48% of the stock is owned by institutional investors and hedge funds.

Ocean Rig UDW Inc. New (NASDAQ ORIG) opened at $25.08 on Friday. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.21. Ocean Rig UDW Inc. New has a twelve month low of $20.22 and a twelve month high of $40.00.

Ocean Rig UDW Inc. New (NASDAQ:ORIG) last released its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported $1.54 earnings per share for the quarter. The company had revenue of $200.85 million for the quarter.

Several research analysts have issued reports on the stock. Credit Suisse Group initiated coverage on shares of Ocean Rig UDW Inc. New in a report on Friday, December 15th. They issued an “outperform” rating for the company. DNB Markets raised shares of Ocean Rig UDW Inc. New from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. BidaskClub raised shares of Ocean Rig UDW Inc. New from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Finally, ValuEngine raised shares of Ocean Rig UDW Inc. New from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy”.

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Ocean Rig UDW Inc. New Company Profile

Ocean Rig UDW Inc is a Cyprus-based offshore drilling contractor that provides oilfield services for oil and gas exploration, development and production drilling, and specializes in the ultra-deepwater and harsh-environment segment of the drilling industry. The Company owns and operates approximately 13 offshore ultra deepwater drilling units, comprising of ultra deepwater semisubmersible drilling rigs and ultra deepwater drill-ships.

Institutional Ownership by Quarter for Ocean Rig UDW Inc. New (NASDAQ:ORIG)

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