Laurion Capital Management Lp Upped Its Transocean Ltd (NYSE:RIG) Position by $11.14 Million

May 16, 2018 - By Charla Downs

Transocean Ltd. (NYSE:RIG) Corporate LogoBig Money Sentiment increased to 1.04 in 2017 Q4. It has change of 0.09, from 2017Q3’s 0.95. The ratio improved due to RIG positioning: 52 sold and 112 reduced. 69 funds amassed holdings and 101 increased holdings. Investors holded 280.42 million in 2017Q3 but now own 275.51 million shares or 1.75% less. Pub Employees Retirement Association Of Colorado stated it has 0% of its capital in Transocean Ltd. (NYSE:RIG). Mackenzie Fincl stated it has 138,197 shs. Dimensional Fund Advsrs Limited Partnership has 0.04% invested in Transocean Ltd. (NYSE:RIG) for 9.53 million shs. Fifth Third Fincl Bank reported 0% stake. State Of Alaska Department Of Revenue owns 23,200 shs. Product Ptnrs Limited Liability holds 0.59% or 1.92 million shs in its capital. Point72 Asset Mngmt Limited Partnership has 2.09M shs. Moreover, Fincl Mngmt Professionals has 0% invested in Transocean Ltd. (NYSE:RIG) for 242 shs. Hanson Doremus Management holds 9,245 shs or 0.03% of its capital. Loring Wolcott And Coolidge Fiduciary Ltd Liability Partnership Ma holds 2,204 shs. Focused Wealth Mngmt accumulated 0.07% or 21,642 shs. Moreover, Lsv Asset Mngmt has 0.01% invested in Transocean Ltd. (NYSE:RIG). Scotia Cap has invested 0% of its capital in Transocean Ltd. (NYSE:RIG). Glenmede Trust Na accumulated 25,400 shs. Foundation Resources Mgmt stated it has 0.36% in Transocean Ltd. (NYSE:RIG).

The stake In Transocean Ltd (NYSE:RIG) owned by Laurion Capital Management Lp was upped. According to 2018Q1 SEC regulatory form the rise is 240.05%. 1.24 million shares were bought by Laurion Capital Management Lp as Transocean Ltd (NYSE:RIG) stock declined 4.92% with the market. Laurion Capital Management Lp is holding 1.75M shares, compared to 515,700 last quarter. The reported value is $17.36 million. $6.28 billion is the Transocean Ltd’s market cap. RIG reached $13.6 during the last trading session after $0.21 change.Currently Transocean Ltd. is downtrending after 18.26% change in last May 17, 2017. RIG has 12.88M shares volume. RIG underperformed the S&P500 by 29.81%.

Laurion Capital Management Lp manages about $4.98 billion and $12.41 billion US longs. Its stake in Goldman Sachs Group Inc (NYSE:GS) was decreased by 89,934 shares to 56,066 shares valued at $14.12M in 2018Q1, according to the regulatory form. It decreased Halliburton Co (Put) (NYSE:HAL) position by 545,000 shares to 125,000 shares, and cut its Boeing Co (Call) (NYSE:BA) stake.

Laurion Capital Management Lp is a New York-based hedge fund that was founded by Benjamin A. Smith. It had more than $4.98 billion assets under management in June, 2014. Taken from Laurion Capital Management latest Adv, the fund reported to have 43 full and part-time employees. Among which 24 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Transocean Ltd. (NYSE:RIG) Ratings Coverage

A total of 10 analysts rate Transocean LTD (NYSE:RIG) as follows: 4 “Buy”, 5 “Hold” and 1 “Sell”. Тherefore 40% are bullish. (NYSE:RIG) has 15 ratings reports on 17 May 2018 according to StockzIntelligence. On Friday, January 26 RBC Capital Markets maintained Transocean Ltd. (NYSE:RIG) rating. RBC Capital Markets has “Hold” rating and $13.0 target. On Thursday, January 11 the firm earned “Hold” rating by Cowen & Co. On Thursday, December 21 the rating was maintained by RBC Capital Markets with “Hold”. On Friday, February 16 the stock of Transocean Ltd. (NYSE:RIG) earned “Hold” rating by Susquehanna. On Wednesday, January 10 the stock has “Hold” rating by Piper Jaffray. In Monday, April 30 report Citigroup maintained the stock with “Buy” rating. On Tuesday, March 27 Piper Jaffray maintained Transocean Ltd. (NYSE:RIG) with “Hold” rating. On Thursday, March 15 Cowen & Co maintained Transocean Ltd. (NYSE:RIG) rating. Cowen & Co has “Hold” rating and $10.0 target. In Friday, January 12 report Susquehanna maintained it with “Hold” rating and $11.0 target. On Wednesday, April 18 the firm earned “Neutral” rating by Bank of America.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for gas and oil wells worldwide.The firm is worth $6.28 billion. The firm primarily offers deepwater and harsh environment drilling services.Last it reported negative earnings. As of February 9, 2017, it owned or had partial ownership interests in, and operated 56 mobile offshore drilling units that consist of 30 ultra-deepwater floaters, 7 harsh environment floaters, 3 deepwater floaters, 6 midwater floaters, and 10 high-specification jackups.

Transocean Ltd. (NYSE:RIG) Analyst Ratings Chart

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