Aster Capital Management DIFC Ltd Grows Stock Position in Transocean Ltd. (NYSE:RIG)

Aster Capital Management DIFC Ltd boosted its position in Transocean Ltd. (NYSE:RIG - Free Report) by 238,791.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,391 shares of the offshore drilling services provider's stock after purchasing an additional 174,318 shares during the period. Aster Capital Management DIFC Ltd's holdings in Transocean were worth $654,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Twin Tree Management LP acquired a new position in shares of Transocean in the fourth quarter valued at approximately $27,000. Blue Trust Inc. grew its holdings in Transocean by 96.2% during 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 during the last quarter. Adero Partners LLC acquired a new position in Transocean in the 4th quarter valued at approximately $38,000. Stratos Wealth Partners LTD. acquired a new position in shares of Transocean during the fourth quarter worth $40,000. Finally, R Squared Ltd acquired a new position in shares of Transocean during the fourth quarter worth $41,000. 67.73% of the stock is currently owned by institutional investors.

Transocean Stock Up 3.5 %

Shares of RIG traded up $0.08 during trading hours on Friday, reaching $2.25. The stock had a trading volume of 24,671,542 shares, compared to its average volume of 23,597,408. The firm has a 50-day simple moving average of $3.11 and a 200 day simple moving average of $3.76. Transocean Ltd. has a 12 month low of $1.97 and a 12 month high of $6.47. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -3.06, a P/E/G ratio of 0.86 and a beta of 2.29.

Transocean (NYSE:RIG - Get Free Report) last posted its quarterly earnings data on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.11). The firm had revenue of $952.00 million for the quarter, compared to analysts' expectations of $962.28 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. Equities research analysts predict that Transocean Ltd. will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on RIG. Citigroup lowered their target price on Transocean from $4.50 to $3.50 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Morgan Stanley cut their price objective on Transocean from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. TD Cowen decreased their target price on shares of Transocean from $6.50 to $5.50 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Evercore ISI downgraded shares of Transocean from an "outperform" rating to an "in-line" rating and dropped their price target for the stock from $6.00 to $5.00 in a research report on Wednesday, January 15th. Finally, SEB Equity Research set a $2.80 price objective on shares of Transocean in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Transocean currently has a consensus rating of "Hold" and an average price target of $4.98.

Insider Activity

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total value of $84,700.00. Following the transaction, the executive vice president now directly owns 313,072 shares of the company's stock, valued at approximately $1,205,327.20. The trade was a 6.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.16% of the stock is currently owned by corporate insiders.

About Transocean

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.