Sei Investments Co. Has $180,000 Stake in Transocean Ltd. (NYSE:RIG)

Sei Investments Co. lowered its stake in Transocean Ltd. (NYSE:RIG - Free Report) by 89.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,084 shares of the offshore drilling services provider's stock after selling 404,714 shares during the period. Sei Investments Co.'s holdings in Transocean were worth $180,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of RIG. 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% in the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock valued at $37,000 after buying 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 $38,000. Stratos Wealth Partners LTD. bought a new stake in shares of Transocean in the fourth quarter valued at about $40,000. Finally, R Squared Ltd acquired a new position in shares of Transocean in the fourth quarter valued at about $41,000. 67.73% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $2.23, for a total transaction of $49,060.00. Following the completion of the transaction, the executive vice president now directly owns 362,841 shares of the company's stock, valued at $809,135.43. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.16% of the company's stock.

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Transocean Price Performance

RIG stock traded down $0.02 during trading on Wednesday, reaching $2.17. 35,839,738 shares of the company were exchanged, compared to its average volume of 35,788,902. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -2.97, a P/E/G ratio of 0.86 and a beta of 2.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The company has a 50-day moving average of $3.01 and a two-hundred day moving average of $3.72. Transocean Ltd. has a twelve month low of $1.97 and a twelve month high of $6.38.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on RIG shares. Morgan Stanley cut their price objective on shares of Transocean from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. SEB Equity Research set a $2.80 price target on Transocean in a research report on Wednesday, March 5th. Barclays dropped 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. Susquehanna reduced their target price on Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a report on Monday. Finally, Evercore ISI downgraded shares of 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 note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $4.59.

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.