From Yahoo Finance: 2025-04-09 09:07:00

ClearBridge Investments released its Q1 2025 investor letter, detailing underperformance against the Russell 1000 Value benchmark due to detractors in energy and financials. Noble Corporation plc (NYSE:NE) was highlighted as a stock pick, with shares losing 63.54% of their value over the last 52 weeks, closing at $18.44 on April 8, 2025.

In the investor letter, ClearBridge Value Strategy mentioned Noble Corporation plc (NYSE:NE) as a weight on relative performance due to a lack of contracting opportunities in the offshore drilling sector. The decision was made to exit the position to pursue more compelling opportunities.

Despite being excluded from the list of 30 Most Popular Stocks Among Hedge Funds, Noble Corporation plc (NYSE:NE) remains a potential investment. However, the focus on AI stocks for higher returns within a shorter timeframe is emphasized. Check out insidermonkey.com for more insights on investing in 2025.

Read more: Noble Corporation plc (NE) Continues to Slide as Contracting Deals Fail to Materialize