Benjamin F. Edwards & Company Inc. decreased its position in Transocean LTD (NYSE:RIG) by 24.9% in the fourth quarter, HoldingsChannel reports. The firm owned 7,533 shares of the offshore drilling services provider’s stock after selling 2,500 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Transocean were worth $52,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. We Are One Seven LLC bought a new position in Transocean in the fourth quarter worth $31,000. NuWave Investment Management LLC raised its holdings in Transocean by 2,193.1% in the fourth quarter. NuWave Investment Management LLC now owns 8,324 shares of the offshore drilling services provider’s stock worth $57,000 after purchasing an additional 7,961 shares in the last quarter. Sigma Planning Corp bought a new position in Transocean in the fourth quarter worth $72,000. Sheaff Brock Investment Advisors LLC bought a new position in Transocean in the fourth quarter worth $101,000. Finally, Stratos Wealth Partners LTD. bought a new position in Transocean in the third quarter worth $105,000. Institutional investors and hedge funds own 81.88% of the company’s stock.

NYSE RIG opened at $8.35 on Thursday. Transocean LTD has a 12 month low of $6.19 and a 12 month high of $14.47. The firm has a market capitalization of $3.83 billion, a PE ratio of -139.17 and a beta of 1.81. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.77 and a current ratio of 3.07.

In related news, CAO Howard E. Davis sold 55,212 shares of the stock in a transaction on Friday, December 28th. The stock was sold at an average price of $7.10, for a total transaction of $392,005.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Howard E. Davis sold 10,298 shares of the stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $7.28, for a total value of $74,969.44. Following the sale, the chief accounting officer now directly owns 55,212 shares in the company, valued at $401,943.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,722 shares of company stock worth $858,980. Insiders own 14.09% of the company’s stock.

A number of equities analysts have issued reports on the company. ValuEngine downgraded Transocean from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. DNB Markets upgraded Transocean from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Johnson Rice upgraded Transocean from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a report on Wednesday, October 17th. UBS Group set a $12.00 price objective on Transocean and gave the stock a “buy” rating in a report on Thursday, December 20th. Finally, Credit Suisse Group began coverage on Transocean in a research note on Thursday, December 13th. They issued an “outperform” rating and a $14.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.70.

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Transocean Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 20, 2018, it owned or had partial ownership interests in, and operated 47 mobile offshore drilling units that consist of 27 ultra-deepwater floaters, 12 harsh environment floaters, 2 deepwater floaters, 6 midwater floaters, and 2 high-specification jackups.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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