185,500 Shares in Transocean Ltd. $RIG Bought by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in shares of Transocean Ltd. (NYSE:RIG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 185,500 shares of the offshore drilling services provider’s stock, valued at approximately $766,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Transocean by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 97,006,263 shares of the offshore drilling services provider’s stock worth $400,636,000 after buying an additional 2,487,015 shares during the period. American Century Companies Inc. increased its stake in Transocean by 12.8% during the 3rd quarter. American Century Companies Inc. now owns 26,456,554 shares of the offshore drilling services provider’s stock worth $82,544,000 after buying an additional 3,006,786 shares during the period. Dalal Street LLC bought a new stake in shares of Transocean in the 3rd quarter worth about $76,260,000. Geode Capital Management LLC increased its position in shares of Transocean by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 22,797,180 shares of the offshore drilling services provider’s stock worth $94,168,000 after purchasing an additional 1,515,893 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Transocean by 0.3% in the 3rd quarter. Two Sigma Investments LP now owns 18,636,188 shares of the offshore drilling services provider’s stock worth $58,145,000 after purchasing an additional 64,305 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Transocean Price Performance

Shares of NYSE:RIG opened at $6.02 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.60. Transocean Ltd. has a fifty-two week low of $2.51 and a fifty-two week high of $7.66. The firm has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $5.60. The company has a market cap of $6.72 billion, a PE ratio of -2.02 and a beta of 1.28.

Transocean (NYSE:RIG) last announced its quarterly earnings data on Monday, May 4th. The offshore drilling services provider reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Transocean had a negative net margin of 66.79% and a positive return on equity of 0.88%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company earned ($0.10) EPS. Transocean’s quarterly revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts anticipate that Transocean Ltd. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Clarkson Capital downgraded shares of Transocean from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Susquehanna boosted their target price on shares of Transocean from $7.50 to $8.00 and gave the stock a “positive” rating in a research report on Tuesday, April 7th. Morgan Stanley boosted their target price on shares of Transocean from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Barclays raised shares of Transocean from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $6.00 to $8.00 in a research report on Thursday, May 7th. Finally, TD Cowen boosted their target price on shares of Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Transocean presently has an average rating of “Hold” and a consensus price target of $6.96.

Transocean Company Profile

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.