Universal Beteiligungs und Servicegesellschaft mbH Invests $627,000 in Transocean Ltd. (NYSE:RIG)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Transocean Ltd. (NYSE:RIG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 167,202 shares of the offshore drilling services provider's stock, valued at approximately $627,000.

Several other institutional investors and hedge funds also recently modified their holdings of RIG. Twin Tree Management LP acquired a new position in Transocean during the fourth quarter worth about $27,000. Optiver Holding B.V. increased its holdings in shares of Transocean by 53.6% in the fourth quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider's stock valued at $32,000 after buying an additional 2,933 shares in the last quarter. Blue Trust Inc. lifted its position 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 valued at $37,000 after acquiring an additional 4,826 shares during the last quarter. Adero Partners LLC bought a new stake in shares of Transocean during the 4th quarter worth $38,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Transocean in the 4th quarter worth $40,000. Institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

RIG has been the topic of several analyst reports. Citigroup dropped their target price on shares of Transocean from $4.50 to $3.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Barclays reduced their target price on Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a report on Monday, April 7th. Susquehanna decreased their target price on Transocean from $5.00 to $4.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Morgan Stanley dropped their price target on Transocean from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research report on Friday, May 16th. Finally, SEB Equity Research set a $2.80 price objective on Transocean in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.58.

Transocean Stock Up 1.7%

Shares of Transocean stock traded up $0.05 during midday trading on Thursday, reaching $2.69. 63,188,626 shares of the company's stock traded hands, compared to its average volume of 27,006,391. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 1.47. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -3.68, a price-to-earnings-growth ratio of 0.86 and a beta of 2.52. Transocean Ltd. has a 52 week low of $1.97 and a 52 week high of $5.98. The company's 50 day simple moving average is $2.45 and its 200 day simple moving average is $3.26.

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

Transocean Company 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.