GTS Securities LLC Sells 323,020 Shares of Transocean Ltd. (NYSE:RIG)

GTS Securities LLC lowered its position in Transocean Ltd. (NYSE:RIG - Free Report) by 90.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,377 shares of the offshore drilling services provider's stock after selling 323,020 shares during the quarter. GTS Securities LLC's holdings in Transocean were worth $125,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RIG. Optiver Holding B.V. grew its position 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 worth $32,000 after purchasing an additional 2,933 shares during the last quarter. Van Den Berg Management I Inc. lifted its position in shares of Transocean by 11.9% in the 4th quarter. Van Den Berg Management I Inc. now owns 28,155 shares of the offshore drilling services provider's stock valued at $106,000 after acquiring an additional 3,000 shares in the last quarter. Nomura Holdings Inc. lifted its position in shares of Transocean by 11.6% in the 4th quarter. Nomura Holdings Inc. now owns 32,651 shares of the offshore drilling services provider's stock valued at $122,000 after acquiring an additional 3,390 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Transocean by 23.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 19,015 shares of the offshore drilling services provider's stock valued at $71,000 after acquiring an additional 3,620 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Transocean by 4.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 107,012 shares of the offshore drilling services provider's stock valued at $401,000 after acquiring an additional 4,285 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Transocean Stock Down 3.3%

Shares of RIG stock traded down $0.09 during trading on Wednesday, reaching $2.63. The company's stock had a trading volume of 46,763,196 shares, compared to its average volume of 26,861,653. Transocean Ltd. has a one year low of $1.97 and a one year high of $5.98. The business has a fifty day moving average price of $2.45 and a 200-day moving average price of $3.26. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -3.60, a price-to-earnings-growth ratio of 0.86 and a beta of 2.52. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 0.60.

Transocean (NYSE:RIG - Get Free Report) last announced its earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted ($0.03) earnings per share. The firm's revenue was up 18.7% on a year-over-year basis. Analysts anticipate that Transocean Ltd. will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $2.23, for a total transaction of $49,060.00. Following the sale, the executive vice president now directly owns 362,841 shares of the company's stock, valued at approximately $809,135.43. This represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RIG. SEB Equity Research set a $2.80 price target on shares of Transocean in a research report on Wednesday, March 5th. Citigroup reduced their price target on shares of Transocean from $4.50 to $3.50 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Morgan Stanley reduced their price target on shares of Transocean from $4.00 to $3.50 and set an "equal weight" rating for the company in a research report on Friday, May 16th. Susquehanna cut their target price on shares of Transocean from $5.00 to $4.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Finally, Barclays cut their target price on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Transocean presently has a consensus rating of "Hold" and an average price target 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.