Nabors Industries stock dropped significantly, viewed as undervalued by Miller Value Partners

From Yahoo Finance: 2025-04-23 08:49:00

Miller Value Partners released its “Deep Value Strategy” Q1 2025 investor letter, noting market volatility and economic uncertainty due to global tariffs. The Deep Value Select strategy had a -12.8% drawdown, contrasting with the S&P 1500 Value Index’s -.2% return and the S&P 600 Value Index’s -9.9% return.

Nabors Industries Ltd. (NYSE:NBR) was highlighted in Miller Value Deep Value Strategy’s Q1 2025 investor letter. With a one-month return of -35.93% and a 64.60% decrease over 52 weeks, NBR stock closed at $28.37 per share on April 22, 2025, with a market cap of $408.633 million.

Miller Value Deep Value Strategy saw Gannett (GCI) and Nabors Industries Ltd. (NYSE:NBR) shares drop by 43% and 26% in Q1 2025, respectively. Despite this, they view both companies’ share prices as undervalued, increasing their position sizes in both holdings.

Nabors Industries Ltd. (NYSE:NBR) is not among the 30 most popular stocks among hedge funds. While 19 hedge fund portfolios held NBR at the end of Q4, 16 did so in Q3. The belief in AI stocks’ greater potential for higher returns led to this decision.

For more insights on Nabors Industries Ltd. (NYSE:NBR) and other investor letters, visit Insider Monkey’s articles. Keep up with the latest trends in the market and learn about hedge fund investor letters for Q1 2025.



Read more at Yahoo Finance: Is Nabors Industries (NBR) Trading at an Attractive Price?