Jump Financial LLC Purchases 295,154 Shares of Transocean Ltd. (NYSE:RIG)

Jump Financial LLC increased its position in Transocean Ltd. (NYSE:RIG - Free Report) by 332.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 383,941 shares of the offshore drilling services provider's stock after purchasing an additional 295,154 shares during the quarter. Jump Financial LLC's holdings in Transocean were worth $2,438,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. VisionPoint Advisory Group LLC acquired a new stake in shares of Transocean during the fourth quarter worth $28,000. First Western Trust Bank acquired a new position in Transocean during the fourth quarter valued at approximately $76,000. SCP Investment LP acquired a new stake in Transocean in the fourth quarter worth $419,000. Private Advisor Group LLC lifted its holdings in Transocean by 30.0% during the fourth quarter. Private Advisor Group LLC now owns 43,380 shares of the offshore drilling services provider's stock worth $275,000 after acquiring an additional 10,009 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Transocean by 11.0% during the 4th quarter. Fisher Asset Management LLC now owns 27,714 shares of the offshore drilling services provider's stock valued at $176,000 after purchasing an additional 2,743 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Transocean Price Performance

NYSE RIG traded up $0.05 during trading on Monday, hitting $5.81. 11,926,266 shares of the company's stock were exchanged, compared to its average volume of 17,996,191. The company has a market cap of $4.76 billion, a PE ratio of -11.23 and a beta of 2.83. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. Transocean Ltd. has a fifty-two week low of $4.45 and a fifty-two week high of $8.88. The stock's 50 day moving average price is $5.87 and its two-hundred day moving average price is $5.87.

Transocean (NYSE:RIG - Get Free Report) last issued its earnings results on Monday, April 29th. The offshore drilling services provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.10. The business had revenue of $767.00 million during the quarter, compared to analysts' expectations of $781.86 million. Transocean had a negative return on equity of 4.67% and a negative net margin of 13.27%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.38) EPS. Research analysts expect that Transocean Ltd. will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

RIG has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of Transocean from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Monday, February 26th. Bank of America raised their price target on shares of Transocean from $5.50 to $6.00 and gave the stock an "underperform" rating in a research note on Monday, April 15th. Benchmark reissued a "buy" rating and issued a $8.00 price objective on shares of Transocean in a research report on Tuesday, April 30th. Susquehanna raised shares of Transocean from a "neutral" rating to a "positive" rating and boosted their price target for the stock from $5.50 to $9.00 in a research report on Monday, April 8th. Finally, Citigroup decreased their price objective on Transocean from $9.00 to $7.00 and set a "buy" rating for the company in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Transocean currently has a consensus rating of "Hold" and a consensus target price of $7.70.

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.