TCW Group Inc. Sells 115,132 Shares of Nabors Industries Ltd. (NBR)

TCW Group Inc. lowered its position in Nabors Industries Ltd. (NYSE:NBR) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 5,304,758 shares of the company’s stock after selling 115,132 shares during the period. TCW Group Inc.’s holdings in Nabors Industries were worth $86,998,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Oakbrook Investments LLC boosted its position in shares of Nabors Industries by 1.6% in the third quarter. Oakbrook Investments LLC now owns 26,000 shares of the company’s stock valued at $316,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Nabors Industries by 0.5% in the third quarter. Arizona State Retirement System now owns 110,699 shares of the company’s stock valued at $1,346,000 after buying an additional 500 shares during the last quarter. State Treasurer State of Michigan boosted its position in shares of Nabors Industries by 0.8% in the third quarter. State Treasurer State of Michigan now owns 114,063 shares of the company’s stock valued at $1,387,000 after buying an additional 900 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of Nabors Industries by 3.7% in the third quarter. Wedbush Securities Inc. now owns 33,176 shares of the company’s stock valued at $403,000 after buying an additional 1,174 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Nabors Industries by 7.9% in the third quarter. LS Investment Advisors LLC now owns 18,089 shares of the company’s stock valued at $220,000 after buying an additional 1,326 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Nabors Industries (NYSE:NBR)

Shares of Nabors Industries Ltd. (NYSE:NBR) traded up 1.46% on Monday, reaching $15.97. 6,523,482 shares of the company’s stock traded hands. The stock’s market cap is $4.53 billion. Nabors Industries Ltd. has a 52-week low of $5.79 and a 52-week high of $18.40. The firm’s 50-day moving average is $16.76 and its 200-day moving average is $13.20.

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NBR has been the topic of several recent research reports. SunTrust Banks, Inc. initiated coverage on shares of Nabors Industries in a research report on Wednesday, January 18th. They issued a “buy” rating and a $20.00 price target on the stock. RBC Capital Markets reaffirmed a “buy” rating and issued a $20.00 price target on shares of Nabors Industries in a research report on Wednesday, January 4th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Nabors Industries in a research report on Friday, November 11th. Goldman Sachs Group, Inc. (The) set a $17.00 price target on shares of Nabors Industries and gave the company a “buy” rating in a research report on Wednesday, October 19th. Finally, Tudor Pickering raised shares of Nabors Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, November 29th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.30.

About Nabors Industries

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company is a provider of offshore platform work over and drilling rigs. It conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.

5 Day Chart for NYSE:NBR

Want to see what other hedge funds are holding NBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nabors Industries Ltd. (NYSE:NBR).

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