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

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Transocean Ltd. (NYSE:RIG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 167,202 shares of the offshore drilling services provider's stock, valued at approximately $627,000.

A number of other institutional investors have also modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Transocean in the 4th quarter valued at about $117,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Transocean by 7.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,289,576 shares of the offshore drilling services provider's stock worth $4,836,000 after acquiring an additional 85,660 shares during the period. Wexford Capital LP acquired a new stake in Transocean during the fourth quarter worth about $95,000. Two Sigma Advisers LP raised its stake in Transocean by 118.3% during the fourth quarter. Two Sigma Advisers LP now owns 1,577,454 shares of the offshore drilling services provider's stock worth $5,915,000 after acquiring an additional 854,800 shares during the period. Finally, State of Wyoming raised its stake in Transocean by 33.1% during the fourth quarter. State of Wyoming now owns 53,770 shares of the offshore drilling services provider's stock worth $202,000 after acquiring an additional 13,370 shares during the period. Institutional investors and hedge funds 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 company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $2.78, for a total transaction of $61,160.00. Following the transaction, the executive vice president now directly owns 340,841 shares in the company, valued at approximately $947,537.98. This represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.27% of the company's stock.

Transocean Price Performance

Shares of Transocean stock traded up $0.06 during trading on Friday, hitting $2.75. 51,475,557 shares of the company's stock traded hands, compared to its average volume of 27,263,618. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The firm's fifty day moving average price is $2.43 and its 200 day moving average price is $3.24. Transocean Ltd. has a twelve month low of $1.97 and a twelve month high of $5.98. The company has a market cap of $2.43 billion, a PE ratio of -3.77, a PEG ratio of 0.86 and a beta of 2.54.

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

Analyst Ratings Changes

Several research firms recently weighed in on RIG. Citigroup dropped their price objective on shares of Transocean from $4.50 to $3.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Susquehanna dropped their price target on shares of Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Morgan Stanley dropped their price target on shares of Transocean from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Friday, May 16th. Barclays dropped their price target on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, BTIG Research set a $5.00 price target on shares of Transocean and gave the company a "buy" rating in a research note on Monday, May 5th. One investment 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, Transocean has an average rating of "Hold" and a consensus 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.