Jump Financial LLC Has $2.18 Million Stake in Transocean Ltd. (NYSE:RIG)

Jump Financial LLC boosted its holdings in Transocean Ltd. (NYSE:RIG) by 75.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 581,381 shares of the offshore drilling services provider’s stock after buying an additional 250,571 shares during the period. Jump Financial LLC owned approximately 0.07% of Transocean worth $2,180,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC raised its position in shares of Transocean by 30.3% in the 4th quarter. Guggenheim Capital LLC now owns 158,405 shares of the offshore drilling services provider’s stock valued at $594,000 after acquiring an additional 36,874 shares during the period. Rossby Financial LCC bought a new stake in Transocean in the fourth quarter valued at approximately $131,000. Mariner LLC raised its holdings in Transocean by 46.2% in the fourth quarter. Mariner LLC now owns 140,817 shares of the offshore drilling services provider’s stock worth $528,000 after purchasing an additional 44,527 shares during the period. Townsquare Capital LLC bought a new position in shares of Transocean during the fourth quarter worth $43,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Transocean by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 22,982 shares of the offshore drilling services provider’s stock valued at $86,000 after buying an additional 20,480 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total transaction of $84,700.00. Following the completion of the sale, the executive vice president now owns 313,072 shares in the company, valued at $1,205,327.20. The trade was a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.16% of the stock is owned by insiders.

Transocean Trading Up 5.3 %

Shares of NYSE:RIG opened at $2.28 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The company’s 50-day moving average price is $2.92 and its two-hundred day moving average price is $3.68. The stock has a market capitalization of $2.01 billion, a PE ratio of -3.12, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. Transocean Ltd. has a one year low of $1.97 and a one year high of $6.38.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11). Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The firm had revenue of $952.00 million during the quarter, compared to analyst estimates of $962.28 million. On average, equities analysts forecast that Transocean Ltd. will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on RIG shares. Morgan Stanley reduced their target price on Transocean from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Citigroup decreased their price objective on Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. SEB Equity Research set a $2.80 target price on shares of Transocean in a report on Wednesday, March 5th. Barclays cut their price target on shares of Transocean from $4.00 to $3.50 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, TD Cowen lowered their price objective on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.59.

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.