Los Angeles Capital Management & Equity Research Inc. Grows Position in Transocean Ltd. (RIG)

Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Transocean Ltd. (NYSE:RIG) by 3,331.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,080,775 shares of the offshore drilling services provider’s stock after purchasing an additional 1,049,275 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.28% of Transocean worth $11,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Transocean by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,052 shares of the offshore drilling services provider’s stock worth $239,000 after acquiring an additional 175 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Transocean by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 49,298 shares of the offshore drilling services provider’s stock worth $406,000 after acquiring an additional 226 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in Transocean by 2.4% in the second quarter. Thrivent Financial For Lutherans now owns 14,840 shares of the offshore drilling services provider’s stock worth $122,000 after acquiring an additional 350 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Transocean by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 24,300 shares of the offshore drilling services provider’s stock worth $200,000 after acquiring an additional 400 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Transocean by 0.5% in the second quarter. Stifel Financial Corp now owns 81,518 shares of the offshore drilling services provider’s stock worth $664,000 after acquiring an additional 410 shares in the last quarter. Institutional investors own 70.31% of the company’s stock.



Transocean Ltd. (RIG) opened at $10.35 on Friday. The firm has a market capitalization of $4,000.00, a PE ratio of 13.39 and a beta of 1.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.36 and a quick ratio of 2.13. Transocean Ltd. has a one year low of $7.20 and a one year high of $16.66.

Transocean (NYSE:RIG) last released its quarterly earnings data on Wednesday, November 1st. The offshore drilling services provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Transocean had a negative return on equity of 42.09% and a negative net margin of 174.63%. The firm had revenue of $808.00 million during the quarter, compared to analyst estimates of $703.13 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. research analysts forecast that Transocean Ltd. will post -0.34 EPS for the current year.

RIG has been the topic of several analyst reports. Zacks Investment Research raised Transocean from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Wednesday, August 2nd. Evercore ISI reissued a “buy” rating and issued a $18.00 target price on shares of Transocean in a report on Thursday, August 10th. Pareto Securities raised Transocean from a “hold” rating to a “buy” rating in a report on Friday, August 18th. ValuEngine raised Transocean from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, R. F. Lafferty set a $15.00 price target on Transocean and gave the company a “buy” rating in a report on Saturday, August 26th. Ten equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.31.

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Transocean Profile

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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