64 hedge funds buy Transocean Ltd. (RIG) for the first time

Transocean Ltd. (NYSE:RIG) has made a 65.56% comeback from a 12-month low price of $7.20. It was seen -3.17% lower, changing the price to $11.92, when the closing bell rang on 06/15/2018. At recent session, the prices were hovering between $11.59 and $12.165. This company shares are 7.55% off its target price of $12.82 and the current market capitalization stands at $5.49B. The recent change has given its price a -3.9% deficit over SMA 50 and -15.82% deficit over its 52-week high. The stock witnessed -12.35% declines, 20.65% gains and 21.38% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RIG’s volatility during a week at 3.2% and during a month it has been found around 3.57%.

Transocean Ltd. (RIG) Top Holders

Institutional investors currently hold around $4.1 billion or 76.3% in RIG stock. Look at its top three institutional owners. Blackrock Inc. owns $470.81 million in Transocean Ltd., which represents roughly 8.58% of the company’s market cap and approximately 11.49% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 37,740,070 shares of the stock are valued at $449.86 million. The third largest holder is Asia Research & Capital Management Ltd, which currently holds $199.99 million worth of this stock and that ownership represents nearly 3.64% of its market capitalization.

Transocean Ltd. 13F Filings

At the end of March reporting period, 225 institutional holders increased their position in Transocean Ltd. (NYSE:RIG) by some 82,993,631 shares, 187 decreased positions by 32,862,032 and 81 held positions by 227,994,530. That puts total institutional holdings at 343,850,193 shares, according to SEC filings. The stock grabbed 64 new institutional investments totaling 36,635,025 shares while 60 institutional investors sold out their entire positions totaling 6,042,137 shares.

Transocean Ltd. (NYSE:RIG) Insider Trades

Multiple company employees have indulged in significant insider trading. Transocean Ltd. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP and Corporate Controller Tonnel David A has sold 7,443 shares of Transocean Ltd. (RIG) in trading session dated May. 17, 2018. These shares are worth $102,713 and were traded at $13.8 each. The SEC filing shows that Mohn Frederik Wilhelm performed a purchase of 2,000,000 shares. The Director, 10% Owner added these shares by way of transaction on Mar. 02, 2018. The company’s shares were assimilated at $9.29 per share worth to an investment of some $18,580,000 on account of Mohn Frederik Wilhelm.

Director, 10% Owner, Perestroika, purchased 2,000,000 common shares of Transocean Ltd. (RIG) in the open market. In a transaction dated Mar. 02, 2018, the shares were bought at an average price of $9.29, giving away a sum of $18,580,000. After this purchase, 33,096,351 common shares of RIG are directly owned by the insider, with total stake valued at $394,508,504.

In the transaction dated Feb. 13, 2018, the great number of shares disposed came courtesy the SVP and Corporate Controller; Tonnel David A disposed a total of 9,000 shares at an average price of $9.39, amounting to approximately $84,510. The insider now directly owns 66,517 shares worth $792,883.

Transocean Ltd. (RIG) Analyst Guide

Several analysts have released their opinion on Transocean Ltd. (NYSE:RIG), with 6 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 5 strong sell ratings, collectively assigning a 2.89 average brokerage recommendation.