Why This Fund Sold Off $11 Million of a Stock That's Up 325% in a Year
2026-05-21 17:29:05 ET
Miller Value Partners reported a sale of 158,307 shares of Nabors Industries (NYSE:NBR) in its May 15, 2026, SEC filing, with the estimated transaction value at $11.49 million based on quarterly average pricing.
According to a Securities and Exchange Commission (SEC) filing dated May 15, 2026, Miller Value Partners reduced its stake in Nabors Industries by 158,307 shares. The estimated transaction value is $11.49 million based on the quarter’s average share price. The fund’s quarter-end position dropped by $5.52 million, which incorporates both the share sale and any movements in the stock price.
Nabors Industries operates as a leading provider of drilling and drilling-related services, with a global fleet supporting both land and offshore energy projects. The company leverages advanced automation, proprietary software, and integrated equipment to drive operational efficiency for its clients. Its diversified technology offerings and international footprint position it as a key partner for major oil and gas producers seeking high-performance drilling solutions.
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