Hosking Partners LLP Raises Stock Holdings in Transocean Ltd. (NYSE:RIG)

Hosking Partners LLP increased its position in shares of Transocean Ltd. (NYSE:RIG - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,706,143 shares of the offshore drilling services provider's stock after purchasing an additional 324,955 shares during the quarter. Hosking Partners LLP owned 0.19% of Transocean worth $6,398,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Transocean by 4.1% during the third quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider's stock worth $73,307,000 after purchasing an additional 680,242 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Transocean by 33.9% in the fourth quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider's stock worth $57,727,000 after acquiring an additional 3,895,880 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Transocean by 25.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 499,801 shares of the offshore drilling services provider's stock worth $1,874,000 after acquiring an additional 100,691 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Transocean by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,606,320 shares of the offshore drilling services provider's stock worth $49,327,000 after acquiring an additional 826,229 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Transocean by 60.1% in the third quarter. Barclays PLC now owns 1,623,924 shares of the offshore drilling services provider's stock worth $6,902,000 after acquiring an additional 609,681 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Transocean

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $4.05, for a total value of $89,100.00. Following the completion of the sale, the executive vice president now owns 229,596 shares of the company's stock, valued at $929,863.80. This represents a 8.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.16% of the company's stock.

Transocean Trading Down 9.5 %

RIG stock traded down $0.28 during trading on Monday, reaching $2.67. 62,231,618 shares of the stock traded hands, compared to its average volume of 29,395,246. The business's 50 day moving average price is $3.72 and its 200-day moving average price is $4.11. Transocean Ltd. has a 52-week low of $2.65 and a 52-week high of $6.88. 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 firm has a market capitalization of $2.35 billion, a PE ratio of -3.66, a P/E/G ratio of 0.86 and a beta of 2.70.

Transocean (NYSE:RIG - Get Free Report) last posted its quarterly earnings results 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). Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The firm had revenue of $952.00 million for the quarter, compared to analysts' expectations of $962.28 million. As a group, sell-side analysts forecast that Transocean Ltd. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RIG. StockNews.com raised Transocean to a "sell" rating in a report on Tuesday, November 12th. TD Cowen dropped their target price on Transocean from $6.50 to $5.50 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Evercore ISI lowered Transocean from an "outperform" rating to an "in-line" rating and dropped their target price for the company from $6.00 to $5.00 in a research note on Wednesday, January 15th. Benchmark reiterated a "hold" rating on shares of Transocean in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upgraded Transocean from an "underweight" rating to a "neutral" rating and set a $5.00 target price for the company in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $5.75.

Transocean Profile

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.