Sargent Investment Group LLC Has $163,000 Stock Holdings in Transocean Ltd. (NYSE:RIG)

Sargent Investment Group LLC lowered its stake in shares of Transocean Ltd. (NYSE:RIG) by 43.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,370 shares of the offshore drilling services provider’s stock after selling 29,760 shares during the period. Sargent Investment Group LLC’s holdings in Transocean were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in RIG. KBC Group NV raised its position in shares of Transocean by 28.7% during the third quarter. KBC Group NV now owns 23,785 shares of the offshore drilling services provider’s stock worth $101,000 after purchasing an additional 5,306 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Transocean by 10.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,170 shares of the offshore drilling services provider’s stock valued at $107,000 after purchasing an additional 2,469 shares in the last quarter. First National Trust Co acquired a new position in Transocean during the third quarter worth $79,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Transocean by 15.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 399,110 shares of the offshore drilling services provider’s stock valued at $1,696,000 after buying an additional 53,774 shares in the last quarter. Finally, Kailix Advisors LLC grew its holdings in shares of Transocean by 59.9% during the third quarter. Kailix Advisors LLC now owns 6,620,451 shares of the offshore drilling services provider’s stock valued at $28,137,000 after buying an additional 2,481,059 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Transocean

In other news, Director Perestroika acquired 1,500,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of $4.13 per share, for a total transaction of $6,195,000.00. Following the purchase, the director now owns 91,074,894 shares of the company’s stock, valued at approximately $376,139,312.22. The trade was a 1.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.16% of the stock is owned by corporate insiders.

Transocean Trading Up 5.1 %

Shares of RIG stock opened at $4.46 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64. The company has a 50 day moving average of $4.31 and a 200-day moving average of $5.00. Transocean Ltd. has a 12-month low of $3.85 and a 12-month high of $6.88.

Analyst Upgrades and Downgrades

RIG has been the topic of a number of analyst reports. Morgan Stanley upped their target price 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. DNB Markets raised Transocean from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. StockNews.com raised shares of Transocean to a “sell” rating in a research report on Tuesday. Susquehanna reduced their price objective on shares of Transocean from $7.00 to $6.50 and set a “positive” rating for the company in a research report on Friday, November 1st. Finally, Benchmark downgraded Transocean from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Transocean presently has a consensus rating of “Hold” and an average target price of $6.63.

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.