Transocean Ltd. (RIG) Stake Decreased by Traynor Capital Management Inc

Ivan Schwartz
August 13, 2017

RBC Capital Markets maintained Transocean LTD (NYSE:RIG) on Wednesday, April 26 with "Underperform" rating. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill gas and oil wells. It now has negative earnings. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

Fmr Llc increased Deere & Co (DE) stake by 63.4% reported in 2016Q4 SEC filing.

05/16/2017 - Odeon Capital began new coverage on Transocean Ltd. giving the company a "sell" rating. The Fmr Llc holds 6.22 million shares with $641.05 million value, up from 3.81M last quarter. Mastercard Cl A now has $136.82B valuation. The stock decreased 1.68% or $0.14 on August 10, reaching $8.18. About 1,203 shares traded. It has outperformed by 0.16% the S&P500.

Since February 22, 2017, it had 0 buys, and 8 insider sales for $16.50 million activity. A rating of 4 or 5 would represent a Sell recommendation. It is positive, as 66 investors sold MRK shares while 603 reduced holdings. Howze Marc A had sold 6,624 shares worth $792,135. Thirteen research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the stock.

Transocean Inc (NYSE:RIG) 52-week high price stands at $16.66 and low price stands at $7.67, its price distance from 52-week high is -50.9% while its distance from 52-week low price is 6.65%. Evercore ISI reissued a "buy" rating and issued a $18.00 price objective on shares of Transocean in a research note on Thursday. Jefferies Group LLC restated a hold rating and set a $14.00 target price (up from $13.00) on shares of Transocean in a research note on Tuesday, April 11th. The stock of J C Penney Company Inc (NYSE:JCP) has "Neutral" rating given on Friday, September 30 by Guggenheim. The firm has "Equal Weight" rating by CapitalOne given on Tuesday, December 13. Cap Guardian Tru has invested 0% in Transocean LTD (NYSE:RIG). The firm has "Buy" rating given on Friday, July 31 by S&P Research. The company was downgraded on Friday, August 28 by Vetr.

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Investors sentiment increased to 1.01 in 2016 Q4. Its down 0.21, from 1.16 in 2016Q3. It dropped, as 72 investors sold Transocean LTD shares while 120 reduced holdings. 106 funds opened positions while 394 raised stakes.

About 7.02 million shares traded. Vanguard Gru Inc has 0.36% invested in Mastercard Inc (NYSE:MA).

Goldman Sachs Group Inc increased Jetblue Airways Corp (Call) (NASDAQ:JBLU) stake by 2.33M shares to 2.57M valued at $57.53 million in 2016Q4. Thompson Siegel Walmsley Ltd Liability reported 0.55% of its portfolio in Transocean LTD (NYSE:RIG). Cambridge Invest Advsrs has 113,765 shares. Royal Savings Bank Of Canada owns 0.01% invested in Transocean LTD (NYSE:RIG) for 1.33M shares. Cibc Asset Mgmt owns 23,914 shares for 0% of their portfolio. Financial Bank Of America De invested 0% in Regional Management Corp (NYSE:RM). Ny Life holds 345 shares or 0.02% of its portfolio. Robeco Institutional Asset Management Bv owns 504,620 shares. Hanson Mcclain has 0% invested in Transocean LTD (NYSE:RIG). Gamco Invsts Et Al invested 0.04% in Merck & Co., Inc. State Board Of Administration Of Florida Retirement Sys holds 259,065 shares or 0.01% of its portfolio. The value of the investment in Transocean Ltd (Switzerland) decreased from $7,462,000 to $5,000,000 a change of $2,462,000 quarter over quarter. Athena Global Investors Llc owns 76,151 shares or 2.73% of their United States portfolio. Blackrock invested in 2,935 shares. Armistice Capital Llc, a New York-based fund reported 700,000 shares. Endurance Wealth Management holds 0% of its portfolio in Transocean LTD (NYSE:RIG) for 157 shares. It has underperformed by 0.84% the S&P500. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. We have seen the price to move -1.68% lower and get settled at $8.18 on 8/10/2017. It is now trading at $8.18 which is marginally lower than the 50 day moving average which is $8.41 and quite a bit lower than the 200 day moving average of $10.96. It is down 0.00% since August 11, 2016 and is. Piper Jaffray has "Hold" rating and $1000 target. The firm earned "Buy" rating on Friday, July 28 by BMO Capital Markets. Zacks Investment Research upgraded shares of Transocean from a "hold" rating to a "buy" rating and set a $9.50 target price for the company in a research note on Wednesday, August 2nd. On Thursday, January 12 the stock rating was upgraded by Morgan Stanley to "Overweight". R. F. Lafferty reduced their target price on Transocean from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, May 15th.

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