Janus Henderson Group PLC Acquires Shares of 17,600 Transocean LTD (RIG)

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Janus Henderson Group PLC acquired a new position in Transocean LTD (NYSE:RIG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,600 shares of the offshore drilling services provider’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RIG. Aperio Group LLC raised its holdings in shares of Transocean by 11.4% in the second quarter. Aperio Group LLC now owns 62,783 shares of the offshore drilling services provider’s stock valued at $844,000 after buying an additional 6,427 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Transocean by 5.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 93,379 shares of the offshore drilling services provider’s stock valued at $1,255,000 after buying an additional 5,201 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Transocean by 18.5% in the second quarter. Commonwealth Equity Services LLC now owns 69,484 shares of the offshore drilling services provider’s stock valued at $934,000 after buying an additional 10,829 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Transocean in the second quarter valued at about $9,420,000. Finally, Alps Advisors Inc. raised its holdings in shares of Transocean by 9.2% in the second quarter. Alps Advisors Inc. now owns 129,871 shares of the offshore drilling services provider’s stock valued at $1,745,000 after buying an additional 10,902 shares during the last quarter. 81.07% of the stock is owned by institutional investors and hedge funds.

Shares of RIG stock opened at $7.15 on Wednesday. The company has a quick ratio of 2.77, a current ratio of 3.07 and a debt-to-equity ratio of 0.75. Transocean LTD has a 12 month low of $7.01 and a 12 month high of $14.47.

Transocean (NYSE:RIG) last announced its quarterly earnings data on Monday, October 29th. The offshore drilling services provider reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.16. The firm had revenue of $816.00 million during the quarter, compared to analyst estimates of $779.19 million. Transocean had a negative return on equity of 2.31% and a negative net margin of 64.33%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. On average, research analysts predict that Transocean LTD will post -0.72 EPS for the current year.

A number of research firms recently issued reports on RIG. ValuEngine cut Transocean from a “buy” rating to a “hold” rating in a report on Monday, September 10th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Transocean in a report on Tuesday, September 4th. Wells Fargo & Co raised Transocean from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $13.00 to $16.00 in a report on Wednesday, September 19th. Susquehanna Bancshares set a $17.00 price target on Transocean and gave the company a “buy” rating in a report on Wednesday, October 10th. Finally, UBS Group set a $15.00 price target on Transocean and gave the company a “buy” rating in a report on Wednesday, September 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.68.

In other news, Director Vanessa C. L. Chang acquired 6,000 shares of the stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average cost of $8.00 per share, for a total transaction of $48,000.00. Following the completion of the transaction, the director now directly owns 9,700 shares in the company, valued at $77,600. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 14.09% of the stock is owned by company insiders.

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About Transocean

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 20, 2018, it owned or had partial ownership interests in, and operated 47 mobile offshore drilling units that consist of 27 ultra-deepwater floaters, 12 harsh environment floaters, 2 deepwater floaters, 6 midwater floaters, and 2 high-specification jackups.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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