Cwm LLC Has $73,000 Stock Position in Transocean Ltd. (NYSE:RIG)

Cwm LLC grew its position in Transocean Ltd. (NYSE:RIG) by 36.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,065 shares of the offshore drilling services provider’s stock after buying an additional 4,529 shares during the period. Cwm LLC’s holdings in Transocean were worth $73,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RIG. Northwestern Mutual Wealth Management Co. grew its stake in shares of Transocean by 138.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock worth $25,000 after purchasing an additional 2,693 shares during the period. Nisa Investment Advisors LLC acquired a new stake in shares of Transocean during the second quarter worth $30,000. Fiducient Advisors LLC acquired a new stake in shares of Transocean during the first quarter worth $63,000. SG Americas Securities LLC bought a new position in Transocean during the second quarter worth about $64,000. Finally, Smith Anglin Financial LLC bought a new position in Transocean during the third quarter worth about $75,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Transocean news, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $5.23 per share, for a total transaction of $10,460,000.00. Following the acquisition, the director now owns 89,574,894 shares in the company, valued at approximately $468,476,695.62. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Transocean news, Director Perestroika purchased 1,500,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average price of $4.13 per share, with a total value of $6,195,000.00. Following the transaction, the director now owns 91,074,894 shares in the company, valued at $376,139,312.22. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $5.23 per share, for a total transaction of $10,460,000.00. Following the transaction, the director now owns 89,574,894 shares in the company, valued at $468,476,695.62. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 13.16% of the company’s stock.

Transocean Trading Up 1.0 %

Shares of RIG stock opened at $4.14 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.08 and a debt-to-equity ratio of 0.63. The stock has a market cap of $3.62 billion, a P/E ratio of -9.20 and a beta of 2.79. The stock has a 50 day simple moving average of $4.43 and a 200 day simple moving average of $5.14. Transocean Ltd. has a 1 year low of $3.85 and a 1 year high of $7.05.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Wednesday, July 31st. The offshore drilling services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). Transocean had a negative net margin of 11.34% and a negative return on equity of 4.76%. The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $862.25 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. On average, research analysts predict that Transocean Ltd. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Susquehanna reduced their target price on Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Citigroup lowered Transocean from a “buy” rating to a “neutral” rating in a report on Thursday, September 12th. Barclays cut their price target on Transocean from $6.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. DNB Markets upgraded Transocean from a “hold” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, Benchmark lowered Transocean from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.69.

Transocean 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.