Numeric Investors LLC reduced its position in shares of Transocean Ltd. (NYSE:RIG) by 57.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 656,800 shares of the offshore drilling services provider’s stock after selling 890,700 shares during the period. Numeric Investors LLC owned about 0.17% of Transocean worth $5,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RIG. Voya Investment Management LLC grew its stake in shares of Transocean by 3.8% in the second quarter. Voya Investment Management LLC now owns 243,009 shares of the offshore drilling services provider’s stock valued at $2,000,000 after buying an additional 8,877 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Transocean by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,593,894 shares of the offshore drilling services provider’s stock valued at $103,650,000 after buying an additional 210,390 shares during the period. Virtu KCG Holdings LLC raised its holdings in shares of Transocean by 94.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 237,203 shares of the offshore drilling services provider’s stock valued at $1,952,000 after buying an additional 115,388 shares during the period. Advisor Group Inc. raised its holdings in shares of Transocean by 23.0% in the 2nd quarter. Advisor Group Inc. now owns 94,634 shares of the offshore drilling services provider’s stock valued at $779,000 after buying an additional 17,690 shares during the period. Finally, Cibc World Markets Corp raised its holdings in shares of Transocean by 36.0% in the 2nd quarter. Cibc World Markets Corp now owns 55,267 shares of the offshore drilling services provider’s stock valued at $455,000 after buying an additional 14,619 shares during the period. Institutional investors and hedge funds own 67.81% of the company’s stock.

A number of analysts have issued reports on the stock. Nordea Equity Research reiterated a “buy” rating and set a $14.00 price target on shares of Transocean in a research note on Saturday. Jefferies Group LLC reissued a “hold” rating and set a $9.00 price target on shares of Transocean in a research report on Friday, September 22nd. UBS AG raised shares of Transocean from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.00 to $15.00 in a research note on Monday, September 25th. BidaskClub raised shares of Transocean from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Barclays PLC set a $9.00 price objective on shares of Transocean and gave the company a “sell” rating in a report on Sunday, August 6th. Ten investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.37.

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In related news, CAO Howard E. Davis bought 40,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $7.32 per share, with a total value of $292,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,793 shares of the company’s stock, valued at $159,524.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Transocean Ltd. (NYSE RIG) opened at 10.33 on Tuesday. The firm has a 50 day moving average price of $8.76 and a 200 day moving average price of $9.65. Transocean Ltd. has a 52 week low of $7.20 and a 52 week high of $16.66. The stock’s market capitalization is $4.04 billion. Transocean also was the target of some unusual options trading on Monday. Stock traders purchased 16,695 call options on the company. This represents an increase of approximately 121% compared to the average daily volume of 7,543 call options.

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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