KCG Holdings Inc. Invests $149,000 in Ocean Rig UDW Inc. (ORIG)
KCG Holdings Inc. bought a new position in Ocean Rig UDW Inc. (NASDAQ:ORIG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 521,483 shares of the oil and gas company’s stock, valued at approximately $149,000.
Separately, California Public Employees Retirement System boosted its stake in Ocean Rig UDW by 25.4% in the first quarter. California Public Employees Retirement System now owns 2,113,100 shares of the oil and gas company’s stock worth $603,000 after buying an additional 428,600 shares in the last quarter. Institutional investors own 12.48% of the company’s stock.
Shares of Ocean Rig UDW Inc. (NASDAQ:ORIG) traded up 4.304% during mid-day trading on Tuesday, reaching $0.206. 63,203 shares of the company traded hands. Ocean Rig UDW Inc. has a 52 week low of $0.12 and a 52 week high of $2.89. The stock’s 50-day moving average is $0.18 and its 200-day moving average is $0.52.
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Several brokerages recently issued reports on ORIG. Zacks Investment Research cut shares of Ocean Rig UDW from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. ValuEngine cut shares of Ocean Rig UDW from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
About Ocean Rig UDW
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.
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