Gotham Asset Management LLC Invests $698,000 in Transocean Ltd. (NYSE:RIG)

Gotham Asset Management LLC acquired a new stake in Transocean Ltd. (NYSE:RIG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 186,147 shares of the offshore drilling services provider's stock, valued at approximately $698,000.

Other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new stake in Transocean in the 4th quarter valued at about $27,000. Optiver Holding B.V. boosted its holdings in Transocean by 53.6% in the 4th quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider's stock valued at $32,000 after purchasing an additional 2,933 shares during the period. Blue Trust Inc. lifted its holdings in shares of Transocean by 96.2% during the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock worth $37,000 after acquiring an additional 4,826 shares during the period. Adero Partners LLC bought a new stake in shares of Transocean during the 4th quarter worth approximately $38,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Transocean during the 4th quarter worth approximately $40,000. Institutional investors own 67.73% of the company's stock.

Transocean Price Performance

RIG stock traded up $0.10 during trading on Friday, reaching $2.51. 32,935,991 shares of the company were exchanged, compared to its average volume of 26,343,966. The company has a 50-day moving average of $2.55 and a two-hundred day moving average of $3.35. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -3.43, a P/E/G ratio of 0.86 and a beta of 2.52. Transocean Ltd. has a twelve month low of $1.97 and a twelve month high of $6.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34.

Transocean (NYSE:RIG - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The business had revenue of $906.00 million during the quarter, compared to analysts' expectations of $884.92 million. During the same period in the prior year, the company earned ($0.03) EPS. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. As a group, equities analysts predict that Transocean Ltd. will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $2.23, for a total value of $49,060.00. Following the completion of the transaction, the executive vice president now directly owns 362,841 shares in the company, valued at approximately $809,135.43. This represents a 5.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.27% of the company's stock.

Wall Street Analysts Forecast Growth

RIG has been the subject of a number of recent analyst reports. SEB Equity Research set a $2.80 price target on shares of Transocean in a report on Wednesday, March 5th. Citigroup cut their price target on shares of Transocean from $4.50 to $3.50 and set a "neutral" rating for the company in a report on Wednesday, March 19th. BTIG Research set a $5.00 price target on shares of Transocean and gave the stock a "buy" rating in a report on Monday, May 5th. Barclays cut their price target on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, Susquehanna cut their price target on shares of Transocean from $5.00 to $4.00 and set a "positive" rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $4.58.

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.