6 hours Ago By ABMN Staff
Orion Portfolio Solutions LLC acquired a new stake in shares of Transocean Ltd. ( NYSE:RIG – Free Report ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,824 shares of the offshore drilling services provider’s stock, valued at approximately $46,000.
Several other hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in 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 last quarter.
Nisa Investment Advisors LLC bought a new position in shares of Transocean in the second quarter valued at $30,000. Atria Investments Inc acquired a new stake in shares of Transocean during the 3rd quarter valued at $51,000. Kovitz Investment Group Partners LLC lifted its position in shares of Transocean by 34.
0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 15,877 shares of the offshore drilling services provider’s stock valued at $62,000 after acquiring an additional 4,027 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Transocean in the 2nd quarter worth $64,000.
Institutional investors and hedge funds own 67.73% of the company’s stock. Insider Activity at Transocean In related news, EVP Roderick James Mackenzie sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th.
The shares were sold at an average price of $4.29, for a total transaction of $85,800.00.
Following the transaction, the executive vice president now owns 310,857 shares of the company’s stock, valued at approximately $1,333,576.53. This trade represents a 6.
04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Insiders own 13.
16% of the company’s stock. Analyst Upgrades and Downgrades Check Out Our Latest Report on RIG Transocean Trading Down 0.6 % Transocean stock opened at $3.
53 on Friday. Transocean Ltd. has a 12 month low of $3.
48 and a 12 month high of $6.88. The company has a quick ratio of 1.
34, a current ratio of 1.64 and a debt-to-equity ratio of 0.64.
The stock has a market cap of $3.09 billion, a P/E ratio of -4.71 and a beta of 2.
75. The company’s fifty day simple moving average is $4.19 and its 200-day simple moving average is $4.
71. About Transocean ( 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. Featured Articles 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 ). Receive News & Ratings for Transocean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transocean and related companies with MarketBeat.
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