5 hours Ago By ABMN Staff
Geode Capital Management LLC grew its stake in shares of Transocean Ltd. ( NYSE:RIG – Free Report ) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 17,245,298 shares of the offshore drilling services provider’s stock after buying an additional 680,242 shares during the quarter. Geode Capital Management LLC’s holdings in Transocean were worth $73,307,000 at the end of the most recent quarter. Several other large investors have also recently modified their holdings of the stock.
Oppenheimer Asset Management Inc. boosted its holdings in Transocean by 10.9% during the 3rd quarter.
Oppenheimer Asset Management Inc. now owns 25,170 shares of the offshore drilling services provider’s stock valued at $107,000 after acquiring an additional 2,469 shares during the period. Northwestern Mutual Wealth Management Co.
boosted its stake in shares of Transocean by 138.8% during the second quarter. Northwestern Mutual Wealth Management Co.
now owns 4,633 shares of the offshore drilling services provider’s stock valued at $25,000 after purchasing an additional 2,693 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in shares of Transocean by 34.0% during the third quarter.
Kovitz Investment Group Partners LLC now owns 15,877 shares of the offshore drilling services provider’s stock valued at $62,000 after purchasing an additional 4,027 shares during the period. CWM LLC grew its holdings in shares of Transocean by 36.1% in the third quarter.
CWM LLC now owns 17,065 shares of the offshore drilling services provider’s stock worth $73,000 after purchasing an additional 4,529 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Transocean by 19.8% in the second quarter.
Verdence Capital Advisors LLC now owns 30,235 shares of the offshore drilling services provider’s stock worth $162,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Insiders Place Their Bets In related news, EVP Roderick James Mackenzie sold 20,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $4.29, for a total transaction of $85,800.
00. Following the sale, the executive vice president now owns 310,857 shares of the company’s stock, valued at $1,333,576.53.
The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link .
13.16% of the stock is owned by corporate insiders. Wall Street Analyst Weigh In Get Our Latest Stock Report on RIG Transocean Stock Down 0.
6 % Shares of NYSE:RIG opened at $3.53 on Friday. The firm has a market capitalization of $3.
09 billion, a P/E ratio of -4.71 and a beta of 2.75.
The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.
64. The stock has a 50 day moving average price of $4.19 and a 200-day moving average price of $4.
71. Transocean Ltd. has a 52-week low of $3.
48 and a 52-week high of $6.88. Transocean Company Profile ( Free Report ) Transocean Ltd.
, together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.
Further Reading Want to see what other hedge funds are holding RIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Transocean Ltd. ( NYSE:RIG – Free Report ).
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