As Transocean Ltd (NYSE:RIG) Price Declined, Laurion Capital Management Lp Upped Its Position

May 16, 2018 - By Robert Shackelford

Transocean Ltd. (NYSE:RIG) Corporate LogoDuring Q4 2017 the big money sentiment increased to 1.04. That’s change of 0.09, from 2017Q3’s 0.95. 52 investors sold all, 112 reduced holdings as RIG ratio increased. 101 increased positions while 69 funds took positions. Funds hold 275.51 million shares thus 1.75% less from 2017Q3’s 280.42 million shares. Clarivest Asset Mngmt Ltd Liability holds 0.04% in Transocean Ltd. (NYSE:RIG) or 234,300 shs. Ahl Limited Liability Partnership holds 61,897 shs or 0.01% of its capital. Shine Invest Advisory Ser holds 535 shs. Gsa Prns Limited Liability Partnership accumulated 207,472 shs. 5.77 million were reported by Renaissance Tech Ltd Limited Liability Company. Diligent Invsts Ltd Liability Corp holds 0.11% of its capital in Transocean Ltd. (NYSE:RIG) for 16,872 shs. Sheffield Asset Limited Liability Corporation, a Illinois-based fund reported 939,908 shs. Mountain Lake Limited holds 1.82% or 475,000 shs. Pettee invested in 45,836 shs. Ny State Teachers Retirement Sys has 488,100 shs for 0.01% of their capital. James Invest Rech owns 521,353 shs. Whittier Tru stated it has 0% of its capital in Transocean Ltd. (NYSE:RIG). Paloma Prtnrs Management accumulated 13,287 shs. Bridgewater Assoc Ltd Partnership stated it has 0.09% of its capital in Transocean Ltd. (NYSE:RIG). Price T Rowe Associate Md holds 152,495 shs or 0% of its capital.

According to 2018Q1 Securities and Exchange filling Laurion Capital Management Lp upped its stake in Transocean Ltd (NYSE:RIG) by 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. In 2018Q1, the 1.75M shares in Transocean Ltd (NYSE:RIG) held by Laurion Capital Management Lp were priced $17.36 million, up from 515,700 last quarter. $6.28 billion is the Transocean Ltd’s market cap. RIG touched $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 by 29.81% the S&P 500.

Laurion Capital Management Lp manages about $4.98B and $12.41 billion US longs. Its stake in Unitedhealth Group Inc (Call) (NYSE:UNH) was reduced by 219,700 shares to 376,700 shares valued at $80.61M in 2018Q1, according to the filling. It decreased Alibaba Group Hldg Ltd (Call) (NYSE:BABA) position by 254,200 shares to 417,500 shares, and cut its Ashland Global Hldgs Inc (Put) () 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 Wednesday, January 10 Piper Jaffray maintained Transocean Ltd. (NYSE:RIG) rating. Piper Jaffray has “Hold” rating and $11.0 target. On Wednesday, April 4 the firm has “Buy” rating given by HSBC. On Thursday, March 15 Cowen & Co maintained Transocean Ltd. (NYSE:RIG) with “Hold” rating. On Friday, February 16 the stock of Transocean Ltd. (NYSE:RIG) earned “Hold” rating by Susquehanna. The stock rating was maintained by Citigroup with “Buy” on Monday, April 30. The company rating was upgraded by Jefferies on Thursday, January 4. On Thursday, January 11 the company was maintained by Cowen & Co. The company rating was maintained by RBC Capital Markets on Thursday, December 21. In Thursday, February 15 report Piper Jaffray maintained the stock with “Hold” rating. On Friday, January 26 the stock of Transocean Ltd. (NYSE:RIG) has “Hold” rating given by RBC Capital Markets.

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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