Tensile Capital Management LLC Maintains Position in Transocean LTD (RIG)

March 14, 2018 - By Linda Rogers

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.30, from 1.25 in 2017Q2. It fall, as 66 investors sold RIG shares while 107 reduced holdings. 54 funds opened positions while 110 raised stakes. 280.42 million shares or 7.79% more from 260.14 million shares in 2017Q2 were reported. Clifford Swan Investment Counsel Ltd Liability Corp holds 242,753 shares or 0.16% of its portfolio. State Street Corp owns 0.01% invested in Transocean Ltd. (NYSE:RIG) for 13.12 million shares. Grantham Mayo Van Otterloo And Ltd Liability Company reported 0% of its portfolio in Transocean Ltd. (NYSE:RIG). Amer Assets Invest Ltd Llc owns 150,000 shares for 0.32% of their portfolio. 149,500 were reported by Lockheed Martin Mngmt. Natl Planning Corp holds 0.07% or 31,990 shares in its portfolio. Bancorp Of Montreal Can invested 0% in Transocean Ltd. (NYSE:RIG). Retirement System Of Alabama reported 1.37 million shares. Highbridge Mgmt Lc has invested 0% in Transocean Ltd. (NYSE:RIG). Moreover, Castleark Mngmt Ltd Liability Co has 0% invested in Transocean Ltd. (NYSE:RIG). Bessemer Group Inc holds 0% of its portfolio in Transocean Ltd. (NYSE:RIG) for 780 shares. Deutsche National Bank & Trust Ag holds 3.29 million shares or 0.02% of its portfolio. Virginia Retirement Systems Et Al has 50,475 shares for 0.01% of their portfolio. Nomura Asset Management Com Ltd has 13,700 shares for 0% of their portfolio. Moreover, Horseman Mngmt Limited has 4.32% invested in Transocean Ltd. (NYSE:RIG) for 1.81 million shares.

Douglas Dossey increased its stake in Transocean Ltd (RIG) by 58.48% based on its latest 2017Q3 regulatory filing with the SEC. Tensile Capital Management Llc bought 453,200 shares as the company’s stock declined 20.06% while stock markets rallied. The hedge fund run by Douglas Dossey held 1.23M shares of the oil & gas production company at the end of 2017Q3, valued at $13.22M, up from 775,000 at the end of the previous reported quarter. Tensile Capital Management Llc who had been investing in Transocean Ltd for a number of months, seems to be bullish on the $4.48 billion market cap company. The stock decreased 0.31% or $0.03 during the last trading session, reaching $9.76. About 8.08M shares traded. Transocean Ltd. (NYSE:RIG) has risen 15.86% since March 14, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

More notable recent Transocean Ltd. (NYSE:RIG) news were published by: Fool.com which released: “Why Transocean LTD Stock Tumbled 17% in February” on March 05, 2018, also Globenewswire.com with their article: “Transocean Receives Approval of Supplemental Prospectus for Compulsory …” published on March 08, 2018, Globenewswire.com published: “Transocean Ltd.’s CEO to Present at the Scotia Howard Weil 46th Annual Energy …” on March 12, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) were released by: Globenewswire.com and their article: “Transocean Ltd. Reports Fourth Quarter, Full Year 2017 Results” published on February 20, 2018 as well as Globenewswire.com‘s news article titled: “Transocean Ltd. Announces Updates for Transocean Leader” with publication date: February 15, 2018.

Transocean Ltd. (NYSE:RIG) Ratings Coverage

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 15 have Buy rating, 10 Sell and 15 Hold. Therefore 38% are positive. Transocean Ltd had 105 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Transocean Ltd. (NYSE:RIG) has “Neutral” rating given on Friday, September 23 by Credit Suisse. The firm earned “Underperform” rating on Monday, January 9 by Bank of America. Guggenheim upgraded the shares of RIG in report on Monday, November 30 to “Buy” rating. As per Monday, December 19, the company rating was maintained by Evercore. On Tuesday, August 18 the stock rating was maintained by Cowen & Co with “Market Perform”. Barclays Capital maintained the stock with “Underweight” rating in Monday, March 28 report. RBC Capital Markets maintained it with “Hold” rating and $11.0 target in Friday, September 1 report. RBC Capital Markets maintained it with “Hold” rating and $11.0 target in Thursday, October 5 report. The firm earned “Reduce” rating on Wednesday, March 9 by Fearnley. Citigroup initiated the stock with “Sell” rating in Tuesday, October 20 report.

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