Lansdowne Partners Uk Llp Increased Its Transocean LTD (RIG) Stake by $3.10 Million as Market Valuation Declined

Transocean Ltd. (NYSE:RIG) LogoInvestors sentiment decreased to 1.07 in 2019 Q1. Its down 0.26, from 1.33 in 2018Q4. It worsened, as 33 investors sold RIG shares while 102 reduced holdings. 43 funds opened positions while 101 raised stakes. 390.95 million shares or 0.14% less from 391.48 million shares in 2018Q4 were reported. Johnson Fin Group Incorporated Inc stated it has 1,026 shares or 0% of all its holdings. Schroder Invest Grp Inc accumulated 0.02% or 1.12M shares. Moreover, Mitsubishi Ufj Tru Bk has 0% invested in Transocean Ltd. (NYSE:RIG). Earnest Prns Limited Liability Company owns 375 shares or 0% of their US portfolio. Harding Loevner Ltd Partnership reported 0% in Transocean Ltd. (NYSE:RIG). Sir Mgmt Limited Partnership reported 0.17% of its portfolio in Transocean Ltd. (NYSE:RIG). River And Mercantile Asset Mgmt Ltd Liability Partnership stated it has 1.15 million shares. Tradewinds Cap Mgmt Ltd owns 965 shares. First Hawaiian Retail Bank, a Hawaii-based fund reported 563 shares. Moreover, Argyle Capital Incorporated has 0.09% invested in Transocean Ltd. (NYSE:RIG) for 26,454 shares. Diversified Invest Strategies Limited Liability Corporation holds 34,260 shares. 25,844 are held by Fruth Invest Management. Nuwave Management Ltd Liability has 1,010 shares. Gateway Inv Advisers Limited Company has 21,223 shares. Luminus Ltd Co holds 0.46% or 2.45 million shares in its portfolio.

Lansdowne Partners Uk Llp increased its stake in Transocean Ltd (RIG) by 13.49% based on its latest 2019Q1 regulatory filing with the SEC. Lansdowne Partners Uk Llp bought 387,436 shares as the company’s stock declined 11.26% while stock markets rallied. The hedge fund held 3.26 million shares of the oil & gas production company at the end of 2019Q1, valued at $28.39M, up from 2.87M at the end of the previous reported quarter. Lansdowne Partners Uk Llp who had been investing in Transocean Ltd for a number of months, seems to be bullish on the $3.95 billion market cap company. The stock increased 3.03% or $0.19 during the last trading session, reaching $6.46. About 11.87 million shares traded. Transocean Ltd. (NYSE:RIG) has declined 44.49% since July 14, 2018 and is downtrending. It has underperformed by 48.92% the S&P500.

Lansdowne Partners Uk Llp, which manages about $30.64B and $4.51B US Long portfolio, decreased its stake in Cytokinetics Inc (NASDAQ:CYTK) by 1.19 million shares to 1.46 million shares, valued at $11.81M in 2019Q1, according to the filing. It also reduced its holding in Manchester Utd Plc New (NYSE:MANU) by 832,050 shares in the quarter, leaving it with 1.40M shares, and cut its stake in Delta Air Lines Inc Del (NYSE:DAL).

More notable recent Transocean Ltd. (NYSE:RIG) news were published by: Seekingalpha.com which released: “Transocean Q1 2019 Earnings Preview – Seeking Alpha” on April 28, 2019, also Seekingalpha.com with their article: “Transocean Is Worth Accumulating On Corrections – Seeking Alpha” published on January 24, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Vipshop Holdings Limited (VIPS) – Yahoo Finance” on June 23, 2019. More interesting news about Transocean Ltd. (NYSE:RIG) were released by: Investorideas.com and their article: “Oil and Gas Stocks: Transocean (NYSE: RIG) Announces Pricing of US $525 Million of Secured Notes Due 2023 – InvestorIdeas.com” published on June 24, 2019 as well as Seekingalpha.com‘s news article titled: “As Predicted, Tesla Beats On Volume, They Will Beat On Profits As Well – Seeking Alpha” with publication date: July 03, 2019.

Transocean Ltd. (NYSE:RIG) Ratings Coverage

Among 3 analysts covering Transocean (NYSE:RIG), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Transocean had 7 analyst reports since February 20, 2019 according to SRatingsIntel. The rating was maintained by Bank of America on Monday, June 10 with “Neutral”. The stock of Transocean Ltd. (NYSE:RIG) has “Buy” rating given on Thursday, February 21 by Credit Suisse.

Transocean Ltd. (NYSE:RIG) Ratings Chart

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