Midas Management Corp Has $2.06 Million Stake in Transocean Ltd. (NYSE:RIG)

Xavier Trudeau
Août 13, 2017

As of the end of the quarter Alliancebernstein L.P. had acquired a total of 8,207 shares growing its holdings by 1.4%. Transocean Ltd (Put) now has $3.27B valuation. About 8.85 million shares traded. It has underperformed by 0.84% the S&P500.

Ingalls & Snyder Llc decreased Stratus Pptys Inc (NASDAQ:STRS) stake by 19,769 shares to 1.36 million valued at $44.56M in 2016Q4. The Luminus Management Llc holds 245,268 shares with $3.62M value, down from 574,051 last quarter. About 242,175 shares traded or 68.66% up from the average. It has outperformed by 15.34% the S&P500. Thirteen research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the stock.

According to Financial Times, The 22 analysts offering 12 month price targets for Applied Materials, Inc. have a median target of 53.00, with a high estimate of 65.00 and a low estimate of 35.00. The stock has an average rating of "Hold" and a consensus price target of $12.73. R. F. Lafferty reduced their price objective on shares of Transocean from $21.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, May 15th. The rating was upgraded by Bank of America to "Buy" on Friday, December 2.

Taking a broader look at the analyst consensus, according to 31 analysts Transocean Inc (NYSE:RIG)'s price will reach at $10.9 during 52 weeks. As per Wednesday, June 29, the company rating was upgraded by Evercore. D E Shaw & Incorporated owns 7.43M shares for 0.19% of their portfolio.

Investors sentiment decreased to 0.95 in Q4 2016. Its up 0.03, from 0.98 in 2016Q3.

A number of large investors have recently modified their holdings of RIG. 66 funds opened positions while 116 raised stakes. 797.06 million shares or 0.34% more from 794.39 million shares in 2016Q3 were reported. Gateway Advisers Limited Liability invested 0% of its portfolio in Transocean LTD (NYSE:RIG). Hanson And Doremus Investment Mgmt holds 0% or 13,190 shares in its portfolio. Employees Retirement Systems Of Texas reported 0% of its portfolio in Transocean LTD (NYSE:RIG). Brown Brothers Harriman And owns 3,048 shares for 0% of their portfolio. Moreover, Ameriprise Fin has 0% invested in Transocean LTD (NYSE:RIG). Carl Domino reported 0.28% stake. 23, 2015. The company's shares were given away at $14.4 per share worth to an income of some $76,666 on account of Sjobring Lars. Exane Derivatives has 0% invested in Transocean LTD (NYSE:RIG) for 37,590 shares. Academy Cap Management Tx holds 5.64% or 200,697 shares in its portfolio. Gsa Capital Ptnrs Limited Liability Partnership invested in 64,106 shares. The New Jersey-based Caxton Associates LP has invested 0.47% in Deere & Company (NYSE:DE). 10 reported 0.13% stake. Tiaa Cref Invest Ltd Liability stated it has 1.09M shares. Shares for $193,173 were sold by Vosburg Craig. Hedge funds and other institutional investors own 67.32% of the company's stock. Rockland accumulated 0.53% or 55,824 shares. Pictet Asset Mngmt Ltd holds 0.26% or 686,323 shares. Invesco Limited accumulated 63,648 shares. First Allied Advisory Svcs reported 3,738 shares. Sandy Spring Bancorp holds 69 shares or 0% of its portfolio. Inv Centers Of America invested in 14,660 shares. Martin Currie Limited invested in 1.16% or 210,400 shares. Federated Invsts Inc Pa holds 6,882 shares. Its up 0.43% from 828,800 shares previously. Wall Street analysts covering the stock are projecting that the stock will reach $10.95 within the next 52-weeks. Finally, Odeon Capital Group LLC started coverage on Transocean in a research note on Wednesday, May 17th. Therefore 75% are positive. The firm earned "Underweight" rating on Monday, March 28 by Barclays Capital. Piper Jaffray has "Hold" rating and $1000 target. The firm has "Buy" rating by Guggenheim given on Monday, November 30. UBS has "Buy" rating and $72 target.

On July 6 the company was downgraded from "Outperform" to "Market Perform" by Bernstein. Societe Generale initiated Merck & Co., Inc. The company was maintained on Tuesday, August 18 by Cowen & Co. On Thursday, January 12 the stock rating was upgraded by Morgan Stanley to "Overweight". The firm has "Neutral" rating given on Thursday, August 25 by Citigroup.

Ratings analysis reveals 33% of Transocean's analysts are positive.

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