As Transocean LTD (RIG) Stock Price Declined, Tensile Capital Management LLC Has Boosted Position

March 14, 2018 - By Hazel Jackson

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.30, from 1.25 in 2017Q2. It turned negative, 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. Tcw Gp Inc Inc holds 0.01% or 59,937 shares in its portfolio. Commonwealth Equity Services Incorporated reported 80,075 shares. Alliancebernstein LP has 238,013 shares. 470,100 were reported by Laurion Management L P. Cwm Limited Liability Co stated it has 0% in Transocean Ltd. (NYSE:RIG). 149,500 are held by Lockheed Martin Investment. Winslow Asset Mgmt Incorporated owns 142,278 shares for 0.3% of their portfolio. Moreover, Pomelo Capital Ltd Liability has 0.08% invested in Transocean Ltd. (NYSE:RIG) for 175,000 shares. Commerzbank Aktiengesellschaft Fi holds 1.47M shares. Mercer Capital Advisers reported 0% stake. Wedge Management L Lp Nc invested in 0.15% or 1.49M shares. Creative Planning accumulated 351,325 shares. Pnc Finance Service Group Inc invested 0% in Transocean Ltd. (NYSE:RIG). 11,673 are owned by Cap Fin Advisers Ltd Liability Corporation. Diversified Inv Strategies Ltd Liability accumulated 0.38% or 36,442 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 $13.22 million, 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 8.08 million 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: which released: “Transocean Ltd. Reports Fourth Quarter, Full Year 2017 Results” on February 20, 2018, also with their article: “Why Transocean LTD Stock Tumbled 17% in February” published on March 05, 2018, published: “Transocean Ltd. Announces Updates for Transocean Leader” on February 15, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) were released by: and their article: “Transocean Ltd.’s CEO to Present at the Scotia Howard Weil 46th Annual Energy …” published on March 12, 2018 as well as‘s news article titled: “Transocean: Disappointing Results, But Look Towards The Future” with publication date: February 22, 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 rating was downgraded by RBC Capital Markets on Friday, December 16 to “Underperform”. Howard Weil upgraded Transocean Ltd. (NYSE:RIG) on Tuesday, October 4 to “Sector Outperform” rating. The stock of Transocean Ltd. (NYSE:RIG) earned “Buy” rating by Sidoti on Monday, January 18. Cowen & Co maintained the shares of RIG in report on Wednesday, October 18 with “Hold” rating. The firm has “Hold” rating given on Friday, November 10 by RBC Capital Markets. On Monday, March 28 the stock rating was maintained by Barclays Capital with “Underweight”. The stock has “Sell” rating by Citigroup on Tuesday, October 20. Bernstein initiated the shares of RIG in report on Friday, December 2 with “Outperform” rating. Piper Jaffray maintained it with “Hold” rating and $10.75 target in Thursday, February 15 report. The firm has “Hold” rating by Piper Jaffray given on Thursday, October 19.

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