International Assets Investment Management LLC Raises Stock Holdings in Transocean Ltd. (NYSE:RIG)

International Assets Investment Management LLC boosted its stake in Transocean Ltd. (NYSE:RIG - Free Report) by 554.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 218,834 shares of the offshore drilling services provider's stock after buying an additional 185,372 shares during the quarter. International Assets Investment Management LLC's holdings in Transocean were worth $1,390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RIG. National Bank of Canada FI grew its stake in Transocean by 3,800.0% in the 3rd quarter. National Bank of Canada FI now owns 5,850 shares of the offshore drilling services provider's stock valued at $46,000 after purchasing an additional 5,700 shares during the period. Private Trust Co. NA grew its stake in Transocean by 1,489.8% in the 4th quarter. Private Trust Co. NA now owns 8,537 shares of the offshore drilling services provider's stock valued at $54,000 after purchasing an additional 8,000 shares during the period. Csenge Advisory Group bought a new position in Transocean in the 3rd quarter valued at $83,000. Southern Capital Advisors LLC bought a new position in Transocean in the 4th quarter valued at $83,000. Finally, Joseph P. Lucia & Associates LLC bought a new position in Transocean in the 3rd quarter valued at $87,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Transocean Price Performance

NYSE RIG traded up $0.14 during trading hours on Monday, hitting $5.81. The company had a trading volume of 20,685,532 shares, compared to its average volume of 17,987,662. Transocean Ltd. has a 52 week low of $4.45 and a 52 week high of $8.88. The firm has a 50 day simple moving average of $5.64 and a 200 day simple moving average of $6.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.52. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -4.57 and a beta of 2.77.

Transocean (NYSE:RIG - Get Free Report) last issued its earnings results on Monday, February 19th. The offshore drilling services provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.12. Transocean had a negative return on equity of 7.13% and a negative net margin of 33.69%. The business had revenue of $741.00 million during the quarter, compared to the consensus estimate of $779.17 million. During the same quarter last year, the company earned ($0.49) EPS. Equities research analysts expect that Transocean Ltd. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RIG. Barclays reduced their price objective on Transocean from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Thursday, February 22nd. Citigroup cut their price target on Transocean from $9.00 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. Susquehanna upgraded Transocean from a "neutral" rating to a "positive" rating and increased their price target for the stock from $5.50 to $9.00 in a research note on Monday, April 8th. StockNews.com upgraded Transocean to a "sell" rating in a research note on Tuesday, February 20th. Finally, Morgan Stanley cut their price target on Transocean from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Transocean presently has an average rating of "Hold" and an average price target of $8.22.

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.