180 Wealth Advisors LLC Increases Stake in Transocean Ltd. (NYSE:RIG)

180 Wealth Advisors LLC grew its stake in Transocean Ltd. (NYSE:RIG) by 32.6% during the 4th quarter, HoldingsChannel reports. The firm owned 116,736 shares of the offshore drilling services provider’s stock after buying an additional 28,715 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Transocean were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pilgrim Global Advisors LLC acquired a new position in shares of Transocean in the 3rd quarter valued at $77,473,000. Dimensional Fund Advisors LP increased its holdings in Transocean by 19.0% in the second quarter. Dimensional Fund Advisors LP now owns 36,725,995 shares of the offshore drilling services provider’s stock valued at $196,484,000 after buying an additional 5,856,414 shares in the last quarter. Kailix Advisors LLC raised its position in shares of Transocean by 59.9% in the third quarter. Kailix Advisors LLC now owns 6,620,451 shares of the offshore drilling services provider’s stock worth $28,137,000 after acquiring an additional 2,481,059 shares during the period. Point72 Europe London LLP purchased a new stake in shares of Transocean during the 3rd quarter worth about $8,935,000. Finally, State Street Corp grew its position in shares of Transocean by 11.0% during the 3rd quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock valued at $83,275,000 after acquiring an additional 1,944,723 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Transocean Stock Performance

RIG opened at $4.07 on Wednesday. Transocean Ltd. has a twelve month low of $3.40 and a twelve month high of $6.88. The firm has a market capitalization of $3.56 billion, a PE ratio of -5.43 and a beta of 2.73. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $4.07 and its 200 day moving average price is $4.51.

Insiders Place Their Bets

In other Transocean news, EVP Roderick James Mackenzie sold 20,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $4.29, for a total value of $85,800.00. Following the completion of the sale, the executive vice president now directly owns 310,857 shares of the company’s stock, valued at $1,333,576.53. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on RIG shares. Benchmark reiterated a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. Barclays upgraded Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 target price on the stock in a research report on Wednesday, December 18th. Morgan Stanley boosted their price target on shares of Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Susquehanna decreased their price objective on shares of Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised shares of 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 analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.17.

Transocean Company 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.