Jump Financial LLC Has $2.18 Million Position in Transocean Ltd. (NYSE:RIG)

Jump Financial LLC increased its position in shares of Transocean Ltd. (NYSE:RIG - Free Report) by 75.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 581,381 shares of the offshore drilling services provider's stock after purchasing an additional 250,571 shares during the period. Jump Financial LLC owned 0.07% of Transocean worth $2,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its stake in shares of Transocean by 19.4% in the fourth quarter. Ballentine Partners LLC now owns 18,247 shares of the offshore drilling services provider's stock valued at $68,000 after purchasing an additional 2,963 shares during the period. Pallas Capital Advisors LLC grew its holdings in shares of Transocean by 25.6% during the fourth quarter. Pallas Capital Advisors LLC now owns 15,332 shares of the offshore drilling services provider's stock worth $57,000 after purchasing an additional 3,127 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Transocean by 4.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 107,012 shares of the offshore drilling services provider's stock worth $401,000 after purchasing an additional 4,285 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Transocean by 96.2% during the fourth quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock worth $37,000 after purchasing an additional 4,826 shares during the last quarter. Finally, Southern Capital Advisors LLC grew its holdings in shares of Transocean by 27.8% during the fourth quarter. Southern Capital Advisors LLC now owns 23,001 shares of the offshore drilling services provider's stock worth $86,000 after purchasing an additional 5,000 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RIG has been the topic of several research reports. Morgan Stanley dropped their price objective on Transocean from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. SEB Equity Research set a $2.80 target price on shares of Transocean in a research note on Wednesday, March 5th. Susquehanna decreased their target price on shares of Transocean from $5.00 to $4.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Citigroup reduced their price objective 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. Finally, Evercore ISI lowered Transocean from an "outperform" rating to an "in-line" rating and decreased their price target for the stock from $6.00 to $5.00 in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Transocean has an average rating of "Hold" and an average price target of $4.59.

Insider Transactions at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the company's stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.16% of the company's stock.

Transocean Price Performance

Shares of NYSE:RIG traded up $0.11 on Thursday, hitting $2.28. The company had a trading volume of 16,203,093 shares, compared to its average volume of 24,295,139. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. Transocean Ltd. has a 52-week low of $1.97 and a 52-week high of $6.38. The business has a 50 day moving average of $2.83 and a 200 day moving average of $3.63. The company has a market cap of $2.01 billion, a PE ratio of -3.12, a PEG ratio of 0.86 and a beta of 2.29.

Transocean (NYSE:RIG - Get Free Report) last posted its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.11). Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The company had revenue of $952.00 million during the quarter, compared to analyst estimates of $962.28 million. As a group, equities analysts anticipate that Transocean Ltd. will post 0.14 earnings per share for the current fiscal year.

About Transocean

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.