Lane Generational LLC Has $3.92 Million Stock Holdings in Transocean Ltd. (NYSE:RIG)

Lane Generational LLC raised its stake in shares of Transocean Ltd. (NYSE:RIG) by 36.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,044,629 shares of the offshore drilling services provider’s stock after buying an additional 277,552 shares during the period. Transocean comprises approximately 3.8% of Lane Generational LLC’s investment portfolio, making the stock its 13th biggest holding. Lane Generational LLC’s holdings in Transocean were worth $3,917,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Transocean by 96.2% during the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider’s stock valued at $37,000 after purchasing an additional 4,826 shares during the last quarter. Adero Partners LLC purchased a new position in shares of Transocean in the 4th quarter worth approximately $38,000. Stratos Wealth Partners LTD. purchased a new position in shares of Transocean in the 4th quarter worth approximately $40,000. Orion Portfolio Solutions LLC purchased a new position in shares of Transocean in the 3rd quarter worth approximately $46,000. Finally, R Squared Ltd purchased a new position in shares of Transocean in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total value of $84,700.00. Following the completion of the sale, the executive vice president now directly owns 313,072 shares in the company, valued at $1,205,327.20. This trade represents a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 13.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research note on Friday, December 6th. Benchmark reaffirmed a “hold” rating on shares of Transocean in a report on Tuesday, December 3rd. StockNews.com raised shares of Transocean to a “sell” rating in a report on Tuesday, November 12th. SEB Equity Research set a $2.80 price target on shares of Transocean in a report on Wednesday, March 5th. Finally, TD Cowen lowered their price target on shares of Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Transocean has an average rating of “Hold” and a consensus target price of $5.42.

Transocean Stock Down 1.2 %

Shares of NYSE:RIG opened at $2.95 on Wednesday. The firm has a fifty day moving average of $3.63 and a 200 day moving average of $4.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 1.47. Transocean Ltd. has a 52-week low of $2.55 and a 52-week high of $6.88. The firm has a market capitalization of $2.59 billion, a PE ratio of -4.03, a price-to-earnings-growth ratio of 0.86 and a beta of 2.72.

Transocean (NYSE:RIG) last announced its quarterly earnings data 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). The company had revenue of $952.00 million for the quarter, compared to the consensus estimate of $962.28 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. As a group, research analysts anticipate that Transocean Ltd. will post 0.14 EPS for the current fiscal year.

Transocean Company 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.