2 days Ago By ABMN Staff
Russell Investments Group Ltd. raised its holdings in shares of Transocean Ltd. ( NYSE:RIG – Free Report ) by 54.
2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 957,026 shares of the offshore drilling services provider’s stock after acquiring an additional 336,208 shares during the period. Russell Investments Group Ltd.
owned approximately 0.11% of Transocean worth $3,588,000 as of its most recent SEC filing. A number of other institutional investors also recently made changes to their positions in RIG.
Twin Tree Management LP acquired a new stake in Transocean during the fourth quarter valued at approximately $27,000. Blue Trust Inc. lifted its stake in Transocean by 96.
2% in the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider’s stock worth $37,000 after acquiring an additional 4,826 shares in the last quarter.
Adero Partners LLC acquired a new stake in shares of Transocean during the fourth quarter worth approximately $38,000. Stratos Wealth Partners LTD. purchased a new position in shares of Transocean during the 4th quarter valued at $40,000.
Finally, Orion Portfolio Solutions LLC acquired a new position in Transocean in the 3rd quarter worth about $46,000. 67.73% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on RIG shares. Citigroup reduced their price objective on shares of Transocean from $4.50 to $3.
50 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Susquehanna cut their target price on shares of Transocean from $5.00 to $4.
00 and set a “positive” rating for the company in a research note on Monday. Evercore ISI downgraded Transocean from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $6.00 to $5.
00 in a research report on Wednesday, January 15th. Morgan Stanley lowered their target price on shares of Transocean from $5.00 to $4.
00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Finally, Barclays cut their price objective on Transocean from $4.00 to $3.
50 and set an “overweight” rating for the company in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock has a consensus rating of “Hold” and a consensus price target of $4.59. Insider Activity In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction dated Friday, April 11th.
The stock was sold at an average price of $2.23, for a total value of $49,060.00.
Following the completion of the sale, the executive vice president now directly owns 362,841 shares in the company, valued at $809,135.43. This represents a 5.
72 % 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 . 13.
16% of the stock is currently owned by company insiders. Transocean Stock Down 1.4 % Shares of RIG opened at $2.
16 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.
34 and a current ratio of 1.47. Transocean Ltd.
has a 52 week low of $1.97 and a 52 week high of $6.38.
The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -2.96, a PEG ratio of 0.
86 and a beta of 2.29. The business’s fifty day moving average price is $2.
99 and its two-hundred day moving average price is $3.71. Transocean ( NYSE:RIG – Get Free Report ) last announced its quarterly earnings data on Monday, February 17th.
The offshore drilling services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.
11). Transocean had a negative net margin of 14.53% and a negative return on equity of 0.
52%. The business had revenue of $952.00 million during the quarter, compared to analyst estimates of $962.
28 million. On average, analysts predict that Transocean Ltd. will post 0.
14 earnings per share for the current year. Transocean 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. Featured Stories 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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