As Transocean LTD (RIG) Valuation Declined, Shareholder Tensile Capital Management Trimmed Its Holding by $400,000; Crawford Investment Counsel Has Cut American Express Co (AXP) Holding by $1.16 Million

May 20, 2018 - By wolcottdaily

Transocean Ltd. (NYSE:RIG) Logo

Douglas Dossey decreased its stake in Transocean Ltd (RIG) by 3.26% based on its latest 2017Q4 regulatory filing with the SEC. Tensile Capital Management Llc sold 40,000 shares as the company’s stock declined 4.92% with the market. The hedge fund run by Douglas Dossey held 1.19 million shares of the oil & gas production company at the end of 2017Q4, valued at $12.69M, down from 1.23 million 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 less bullish one the $6.29 billion market cap company. The stock decreased 0.58% or $0.08 during the last trading session, reaching $13.63. About 9.78M shares traded. Transocean Ltd. (NYSE:RIG) has declined 18.26% since May 20, 2017 and is downtrending. It has underperformed by 29.81% the S&P500.




Crawford Investment Counsel Inc decreased its stake in American Express Co (AXP) by 1.68% based on its latest 2017Q4 regulatory filing with the SEC. Crawford Investment Counsel Inc sold 11,737 shares as the company’s stock declined 7.41% with the market. The institutional investor held 688,315 shares of the consumer services company at the end of 2017Q4, valued at $68.36 million, down from 700,052 at the end of the previous reported quarter. Crawford Investment Counsel Inc who had been investing in American Express Co for a number of months, seems to be less bullish one the $86.89B market cap company. The stock decreased 0.23% or $0.23 during the last trading session, reaching $100.99. About 2.93 million shares traded. American Express Company (NYSE:AXP) has risen 17.81% since May 20, 2017 and is uptrending. It has outperformed by 6.26% the S&P500.

Tensile Capital Management Llc, which manages about $504.77 million and $589.03 million US Long portfolio, upped its stake in Advance Auto Parts Inc (NYSE:AAP) by 147,000 shares to 585,200 shares, valued at $58.34M in 2017Q4, according to the filing. It also increased its holding in Equinix Inc (NASDAQ:EQIX) by 5,000 shares in the quarter, for a total of 61,387 shares, and has risen its stake in C.

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 16 have Buy rating, 9 Sell and 15 Hold. Therefore 40% are positive. Transocean Ltd had 111 analyst reports since August 7, 2015 according to SRatingsIntel. As per Wednesday, April 18, the company rating was maintained by Bank of America. The stock has “Buy” rating by UBS on Monday, September 25. The stock has “Hold” rating by Jefferies on Thursday, November 2. KeyBanc Capital Markets initiated Transocean Ltd. (NYSE:RIG) on Friday, October 9 with “Sector Weight” rating. The firm has “Hold” rating by Cowen & Co given on Wednesday, October 18. Barclays Capital maintained Transocean Ltd. (NYSE:RIG) rating on Monday, March 28. Barclays Capital has “Underweight” rating and $5 target. The stock of Transocean Ltd. (NYSE:RIG) has “Sell” rating given on Friday, August 7 by . The rating was maintained by Piper Jaffray with “Hold” on Friday, November 3. The rating was downgraded by Morgan Stanley to “Underweight” on Thursday, February 2. Howard Weil upgraded Transocean Ltd. (NYSE:RIG) rating on Tuesday, October 4. Howard Weil has “Sector Outperform” rating and $14 target.

More important recent Transocean Ltd. (NYSE:RIG) news were published by: Globenewswire.com which released: “Transocean Ltd. Reports First Quarter 2018 Results” on April 30, 2018, also Finance.Yahoo.com published article titled: “Is It The Right Time To Buy Transocean Ltd (NYSE:RIG)?”, Seekingalpha.com published: “Transocean: Discussing The Q1 Earnings Report” on May 01, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) was released by: Seekingalpha.com and their article: “Transocean – On Its Way To Recovery” with publication date: May 08, 2018.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.09, from 0.95 in 2017Q3. It improved, as 52 investors sold RIG shares while 112 reduced holdings. 69 funds opened positions while 101 raised stakes. 275.51 million shares or 1.75% less from 280.42 million shares in 2017Q3 were reported. Advisory Network Lc holds 0.01% or 10,078 shares in its portfolio. Wolverine Asset Llc owns 259,953 shares. Price T Rowe Associate Md reported 152,495 shares stake. Cwm Limited holds 289 shares or 0% of its portfolio. Shine Invest Advisory Serv Incorporated reported 535 shares. State Board Of Administration Of Florida Retirement Systems has invested 0.01% of its portfolio in Transocean Ltd. (NYSE:RIG). Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma accumulated 2,204 shares. Neuberger Berman Gru Ltd Liability has 0% invested in Transocean Ltd. (NYSE:RIG). Quantbot Tech LP holds 0.28% in Transocean Ltd. (NYSE:RIG) or 283,674 shares. Fmr Limited Liability Corp reported 24,697 shares. New York State Common Retirement Fund holds 0.01% or 961,100 shares. Ingalls Snyder Limited Liability Company has invested 0.29% of its portfolio in Transocean Ltd. (NYSE:RIG). Quantitative Inv Limited Liability Corporation holds 0.03% or 185,900 shares in its portfolio. 31,773 are owned by Asset Management. First Manhattan has invested 0% of its portfolio in Transocean Ltd. (NYSE:RIG).

Analysts await Transocean Ltd. (NYSE:RIG) to report earnings on August, 1. After $-0.48 actual earnings per share reported by Transocean Ltd. for the previous quarter, Wall Street now forecasts -62.50% EPS growth.

More notable recent American Express Company (NYSE:AXP) news were published by: Seekingalpha.com which released: “Supreme Court okays sports gambling, but will credit cards allow it?” on May 18, 2018, also Fool.com with their article: “Why This Analyst Likes PayPal and American Express” published on May 18, 2018, Seekingalpha.com published: “How Far Could American Express Fall?” on May 02, 2018. More interesting news about American Express Company (NYSE:AXP) were released by: Livetradingnews.com and their article: “American Express Company (NYSE:AXP) Heffx Technical Review” published on April 30, 2018 as well as Finance.Yahoo.com‘s news article titled: “Has PayPal Met Its Match?” with publication date: May 20, 2018.

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.06, from 0.83 in 2017Q3. It improved, as 42 investors sold AXP shares while 442 reduced holdings. 122 funds opened positions while 311 raised stakes. 701.90 million shares or 1.01% less from 709.03 million shares in 2017Q3 were reported. Brown Brothers Harriman & stated it has 0.02% in American Express Company (NYSE:AXP). Lakeview Capital Partners Ltd Company has invested 1.72% in American Express Company (NYSE:AXP). Northpointe has invested 0.33% in American Express Company (NYSE:AXP). Creative Planning reported 0.03% of its portfolio in American Express Company (NYSE:AXP). Alyeska Invest Limited Partnership, Illinois-based fund reported 865,490 shares. Columbia Prns L L C Inv Mngmt holds 104,704 shares. Arrowstreet Partnership invested in 0.05% or 214,768 shares. Nottingham holds 0.05% of its portfolio in American Express Company (NYSE:AXP) for 3,428 shares. Cibc Ww Markets holds 55,210 shares. Foster Dykema Cabot Ma has invested 0.19% in American Express Company (NYSE:AXP). The Illinois-based Vaughan David Invests Il has invested 1.2% in American Express Company (NYSE:AXP). Sei Invs Communication owns 306,424 shares. The New York-based Clearbridge Invs Limited Liability Company has invested 0.52% in American Express Company (NYSE:AXP). Kemper Master Retirement Trust, a Illinois-based fund reported 26,000 shares. Robecosam Ag holds 0.48% of its portfolio in American Express Company (NYSE:AXP) for 72,710 shares.

Since December 11, 2017, it had 0 insider buys, and 9 sales for $37.90 million activity. O’Neill Michael John sold $4.32 million worth of stock or 43,741 shares. 12,789 shares were sold by Bush James Peter, worth $1.27 million on Tuesday, January 2. Buckminster Douglas E. sold $8.79 million worth of stock or 88,930 shares. CHENAULT KENNETH I also sold $9.38 million worth of American Express Company (NYSE:AXP) on Thursday, December 14. On Thursday, April 19 Cox L Kevin sold $5.07M worth of American Express Company (NYSE:AXP) or 50,412 shares. On Tuesday, May 1 the insider Squeri Stephen J sold $1.23M.

Analysts await American Express Company (NYSE:AXP) to report earnings on July, 18. They expect $1.82 EPS, up 23.81% or $0.35 from last year’s $1.47 per share. AXP’s profit will be $1.57B for 13.87 P/E if the $1.82 EPS becomes a reality. After $1.86 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts -2.15% negative EPS growth.

American Express Company (NYSE:AXP) Institutional Positions Chart

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