Atria Investments Inc Takes $51,000 Position in Transocean Ltd. (NYSE:RIG)

Atria Investments Inc bought a new stake in Transocean Ltd. (NYSE:RIG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,982 shares of the offshore drilling services provider’s stock, valued at approximately $51,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in Transocean by 19.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 33,442 shares of the offshore drilling services provider’s stock valued at $142,000 after purchasing an additional 5,344 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its stake in Transocean by 8.4% during the third quarter. Murphy Pohlad Asset Management LLC now owns 106,950 shares of the offshore drilling services provider’s stock worth $455,000 after purchasing an additional 8,300 shares during the period. International Assets Investment Management LLC lifted its position in shares of Transocean by 335.3% during the third quarter. International Assets Investment Management LLC now owns 196,699 shares of the offshore drilling services provider’s stock worth $836,000 after purchasing an additional 151,507 shares in the last quarter. Glenorchy Capital Ltd boosted its stake in shares of Transocean by 34.0% in the third quarter. Glenorchy Capital Ltd now owns 586,219 shares of the offshore drilling services provider’s stock valued at $2,491,000 after purchasing an additional 148,755 shares during the period. Finally, Moss Adams Wealth Advisors LLC acquired a new position in shares of Transocean in the third quarter valued at approximately $132,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RIG. Citigroup lowered shares of Transocean from a “buy” rating to a “neutral” rating in a report on Thursday, September 12th. DNB Markets raised Transocean from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. Benchmark cut shares of Transocean from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Morgan Stanley boosted their price target on shares of Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Finally, Susquehanna reduced their price objective on shares of Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.63.

Insider Buying and Selling at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 20,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $4.29, for a total transaction of $85,800.00. Following the completion of the sale, the executive vice president now directly owns 310,857 shares of the company’s stock, valued at approximately $1,333,576.53. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Perestroika acquired 1,500,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average price of $4.13 per share, for a total transaction of $6,195,000.00. Following the completion of the transaction, the director now owns 91,074,894 shares in the company, valued at $376,139,312.22. The trade was a 1.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 13.16% of the stock is owned by company insiders.

Transocean Stock Up 3.0 %

Transocean stock opened at $4.47 on Monday. The company has a market capitalization of $3.91 billion, a P/E ratio of -5.96 and a beta of 2.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64. Transocean Ltd. has a fifty-two week low of $3.85 and a fifty-two week high of $6.88. The stock has a 50-day simple moving average of $4.34 and a 200-day simple moving average of $4.94.

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.