Cetera Investment Advisers Buys Shares of 158,410 Transocean Ltd. (RIG)

Cetera Investment Advisers bought a new position in Transocean Ltd. (NYSE:RIG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 158,410 shares of the offshore drilling services provider’s stock, valued at approximately $1,302,000.

Several other institutional investors and hedge funds have also made changes to their positions in RIG. Contrarius Investment Management Ltd boosted its holdings in shares of Transocean by 96.8% in the 2nd quarter. Contrarius Investment Management Ltd now owns 9,740,030 shares of the offshore drilling services provider’s stock worth $80,160,000 after acquiring an additional 4,790,469 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Transocean by 796.2% in the 1st quarter. Teachers Advisors LLC now owns 4,355,168 shares of the offshore drilling services provider’s stock worth $54,222,000 after acquiring an additional 3,869,219 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Transocean by 129.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,299,461 shares of the offshore drilling services provider’s stock worth $51,844,000 after acquiring an additional 3,556,281 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Transocean by 12.1% in the 2nd quarter. BlackRock Inc. now owns 25,538,929 shares of the offshore drilling services provider’s stock worth $210,185,000 after acquiring an additional 2,756,207 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Transocean by 215.5% in the 2nd quarter. Marshall Wace LLP now owns 2,365,570 shares of the offshore drilling services provider’s stock worth $18,925,000 after acquiring an additional 1,615,825 shares in the last quarter. 67.79% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on RIG. Citigroup Inc. raised Transocean from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $14.00 in a report on Thursday. Deutsche Bank AG began coverage on Transocean in a report on Tuesday, October 10th. They issued a “buy” rating and a $13.00 target price on the stock. ValuEngine downgraded Transocean from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Royal Bank Of Canada set a $11.00 price objective on Transocean and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, Zacks Investment Research raised Transocean from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, October 3rd. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.67.

WARNING: “Cetera Investment Advisers Buys Shares of 158,410 Transocean Ltd. (RIG)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/16/cetera-investment-advisers-buys-shares-of-158410-transocean-ltd-rig.html.

Shares of Transocean Ltd. (NYSE RIG) traded up 3.22% during trading on Monday, reaching $11.21. 7,945,012 shares of the company were exchanged. The firm’s market cap is $4.39 billion. The stock’s 50-day moving average is $9.54 and its 200-day moving average is $9.53. Transocean Ltd. has a 52-week low of $7.20 and a 52-week high of $16.66.

In other Transocean news, CAO Howard E. Davis bought 40,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $7.32 per sha

Several other institutional investors and hedge funds have also made changes to their positions in RIG. Contrarius Investment Management Ltd boosted its holdings in shares of Transocean by 96.8% in the 2nd quarter. Contrarius Investment Management Ltd now owns 9,740,030 shares of the offshore drilling services provider’s stock worth $80,160,000 after acquiring an additional 4,790,469 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Transocean by 796.2% in the 1st quarter. Teachers Advisors LLC now owns 4,355,168 shares of the offshore drilling services provider’s stock worth $54,222,000 after acquiring an additional 3,869,219 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Transocean by 129.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,299,461 shares of the offshore drilling services provider’s stock worth $51,844,000 after acquiring an additional 3,556,281 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Transocean by 12.1% in the 2nd quarter. BlackRock Inc. now owns 25,538,929 shares of the offshore drilling services provider’s stock worth $210,185,000 after acquiring an additional 2,756,207 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Transocean by 215.5% in the 2nd quarter. Marshall Wace LLP now owns 2,365,570 shares of the offshore drilling services provider’s stock worth $18,925,000 after acquiring an additional 1,615,825 shares in the last quarter. 67.79% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on RIG. Citigroup Inc. raised Transocean from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $14.00 in a report on Thursday. Deutsche Bank AG began coverage on Transocean in a report on Tuesday, October 10th. They issued a “buy” rating and a $13.00 target price on the stock. ValuEngine downgraded Transocean from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Royal Bank Of Canada set a $11.00 price objective on Transocean and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, Zacks Investment Research raised Transocean from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, October 3rd. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.67.

WARNING: “Cetera Investment Advisers Buys Shares of 158,410 Transocean Ltd. (RIG)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/16/cetera-investment-advisers-buys-shares-of-158410-transocean-ltd-rig.html.

Shares of Transocean Ltd. (NYSE RIG) traded up 3.22% during trading on Monday, reaching $11.21. 7,945,012 shares of the company were exchanged. The firm’s market cap is $4.39 billion. The stock’s 50-day moving average is $9.54 and its 200-day moving average is $9.53. Transocean Ltd. has a 52-week low of $7.20 and a 52-week high of $16.66.

In other Transocean news, CAO Howard E. Davis bought 40,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $7.32 per share, with a total value of $292,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,793 shares in the company, valued at approximately $159,524.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.33% of the company’s stock.

About Transocean

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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