Midas Management Increases Stake in Transocean LTD (RIG); As Ituran Location And Control (ITRN) Stock Rose, Simcoe Capital Management Raised by $19.45 Million Its Stake

January 23, 2018 - By Nellie Frank

Midas Management Corp increased its stake in Transocean Ltd (RIG) by 25.2% based on its latest 2017Q3 regulatory filing with the SEC. Midas Management Corp bought 63,000 shares as the company’s stock declined 20.06% while stock markets rallied. The institutional investor held 313,000 shares of the oil & gas production company at the end of 2017Q3, valued at $3.37M, up from 250,000 at the end of the previous reported quarter. Midas Management Corp who had been investing in Transocean Ltd for a number of months, seems to be bullish on the $4.67 billion market cap company. The stock increased 2.84% or $0.33 during the last trading session, reaching $11.93. About 12.82M shares traded or 12.84% up from the average. Transocean Ltd. (NYSE:RIG) has risen 15.86% since January 23, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Simcoe Capital Management Llc increased its stake in Ituran Location And Control (ITRN) by 635.78% based on its latest 2017Q3 regulatory filing with the SEC. Simcoe Capital Management Llc bought 540,372 shares as the company’s stock rose 13.25% with the market. The institutional investor held 625,365 shares of the electronic components company at the end of 2017Q3, valued at $22.54M, up from 84,993 at the end of the previous reported quarter. Simcoe Capital Management Llc who had been investing in Ituran Location And Control for a number of months, seems to be bullish on the $743.32M market cap company. The stock increased 0.57% or $0.2 during the last trading session, reaching $35.45. About 33,284 shares traded. Ituran Location and Control Ltd. (NASDAQ:ITRN) has risen 53.77% since January 23, 2017 and is uptrending. It has outperformed by 37.07% the S&P500.

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 15 have Buy rating, 10 Sell and 15 Hold. Therefore 38% are positive. Transocean Ltd had 102 analyst reports since August 7, 2015 according to SRatingsIntel. Zacks upgraded it to “Hold” rating and $14 target in Tuesday, August 25 report. Credit Suisse maintained Transocean Ltd. (NYSE:RIG) on Saturday, September 5 with “Underperform” rating. The firm has “Buy” rating by Sidoti given on Friday, January 15. The rating was downgraded by on Friday, August 7 to “Sell”. The firm earned “Hold” rating on Friday, November 3 by Piper Jaffray. Canaccord Genuity upgraded the shares of RIG in report on Thursday, November 3 to “Buy” rating. Howard Weil upgraded Transocean Ltd. (NYSE:RIG) on Tuesday, October 4 to “Sector Outperform” rating. The rating was maintained by Cowen & Co on Thursday, January 11 with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $11.0 target in Thursday, December 21 report. The stock has “Neutral” rating by Citigroup on Thursday, August 25.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.30, from 1.25 in 2017Q2. It is 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. Timber Hill Ltd Liability, a Connecticut-based fund reported 54,294 shares. Moreover, Texas Permanent School Fund has 0.04% invested in Transocean Ltd. (NYSE:RIG). San Francisco Sentry Investment (Ca) owns 1,500 shares or 0.01% of their US portfolio. Next Finance Grp Incorporated invested in 0.01% or 3,427 shares. Lmr Prns Llp owns 336,329 shares for 0.39% of their portfolio. 10 holds 0.08% or 30,265 shares in its portfolio. 886,994 are owned by Susquehanna International Grp Inc Llp. Midas Mgmt stated it has 1.78% of its portfolio in Transocean Ltd. (NYSE:RIG). Texas-based Van Den Berg Mgmt I has invested 0.31% in Transocean Ltd. (NYSE:RIG). Comerica Comml Bank owns 336,684 shares or 0.03% of their US portfolio. Blair William Company Il invested in 46,075 shares or 0% of the stock. 2.59 million were accumulated by Prudential Inc. Benjamin F Edwards & Com invested in 10,186 shares. Primecap Management Com Ca reported 14.34M shares. Art Advsr Ltd Liability Corporation accumulated 0.21% or 381,400 shares.

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