Lincluden Management LTD Lowered Its Cae (CAE) Position as Stock Price Declined; Horseman Capital Management LTD Has Boosted Its Transocean LTD (RIG) Holding by $2.31 Million

May 24, 2018 - By Adrian Erickson

Transocean Ltd. (NYSE:RIG) Logo

John Horseman increased its stake in Transocean Ltd (RIG) by 12.77% based on its latest 2017Q4 regulatory filing with the SEC. Horseman Capital Management Ltd bought 230,900 shares as the company’s stock declined 4.92% with the market. The hedge fund run by John Horseman held 2.04 million shares of the oil & gas production company at the end of 2017Q4, valued at $21.78M, up from 1.81 million at the end of the previous reported quarter. Horseman Capital Management Ltd who had been investing in Transocean Ltd for a number of months, seems to be bullish on the $6.04B market cap company. The stock decreased 2.20% or $0.3 during the last trading session, reaching $13.09. About 7.26M shares traded. Transocean Ltd. (NYSE:RIG) has declined 18.26% since May 24, 2017 and is downtrending. It has underperformed by 29.81% the S&P500.




Lincluden Management Ltd decreased its stake in Cae Inc. (CAE) by 76.13% based on its latest 2017Q4 regulatory filing with the SEC. Lincluden Management Ltd sold 40,425 shares as the company’s stock declined 2.38% with the market. The institutional investor held 12,675 shares of the industrial machinery and components company at the end of 2017Q4, valued at $241,000, down from 53,100 at the end of the previous reported quarter. Lincluden Management Ltd who had been investing in Cae Inc. for a number of months, seems to be less bullish one the $5.25B market cap company. The stock decreased 0.41% or $0.08 during the last trading session, reaching $19.54. About 84,373 shares traded. CAE Inc. (NYSE:CAE) has risen 20.70% since May 24, 2017 and is uptrending. It has outperformed by 9.15% the S&P500.

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. The stock of Transocean Ltd. (NYSE:RIG) has “Hold” rating given on Friday, November 10 by RBC Capital Markets. HSBC upgraded the shares of RIG in report on Wednesday, April 4 to “Buy” rating. The stock of Transocean Ltd. (NYSE:RIG) has “Buy” rating given on Monday, December 19 by Evercore. The company was upgraded on Tuesday, August 25 by Zacks. The firm has “Hold” rating by Canaccord Genuity given on Thursday, September 15. The firm earned “Market Perform” rating on Tuesday, August 18 by Cowen & Co. As per Thursday, December 21, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by R. F. Lafferty given on Monday, May 8. The stock of Transocean Ltd. (NYSE:RIG) earned “Sector Perform” rating by RBC Capital Markets on Friday, February 12. The firm has “Buy” rating given on Monday, September 25 by UBS.

Investors sentiment increased to 1.04 in 2017 Q4. 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. Boston Prtnrs has invested 0% in Transocean Ltd. (NYSE:RIG). Vermont-based Of Vermont has invested 0% in Transocean Ltd. (NYSE:RIG). 547,186 are held by Barclays Public Ltd Company. Loring Wolcott And Coolidge Fiduciary Advisors Limited Liability Partnership Ma reported 2,204 shares. Connor Clark Lunn Management Ltd accumulated 288,974 shares. Alliancebernstein Limited Partnership stated it has 0% of its portfolio in Transocean Ltd. (NYSE:RIG). Waddell & Reed Financial owns 592,650 shares for 0.01% of their portfolio. 170,018 were reported by Stevens Capital Mngmt Limited Partnership. Parallax Volatility Advisers Lp owns 43,694 shares for 0% of their portfolio. Tower Research Capital Ltd Liability Corporation (Trc), a New York-based fund reported 47,954 shares. Point72 Asia (Hong Kong) holds 0.06% or 7,414 shares. Schroder Mgmt Gru accumulated 2.80M shares or 0.05% of the stock. Geode Capital Management Ltd Limited Liability Company owns 0.01% invested in Transocean Ltd. (NYSE:RIG) for 3.26 million shares. Gemmer Asset Mgmt Ltd Liability invested in 1,665 shares. 636,594 were reported by Ubs Asset Mgmt Americas Inc.

More notable 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 Seekingalpha.com with their article: “Transocean: Discussing The Q1 Earnings Report” published on May 01, 2018, Seekingalpha.com published: “Transocean And The Floaters Business – Some Thoughts” on May 23, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) were released by: Finance.Yahoo.com and their article: “Is It The Right Time To Buy Transocean Ltd (NYSE:RIG)?” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Transocean – On Its Way To Recovery” with publication date: May 08, 2018.

Horseman Capital Management Ltd, which manages about $475.05 million US Long portfolio, decreased its stake in Scorpio Bulkers Inc by 737,975 shares to 212,025 shares, valued at $1.57 million in 2017Q4, according to the filing. It also reduced its holding in Us Bancorp (NYSE:USB) by 20,000 shares in the quarter, leaving it with 145,900 shares, and cut its stake in Cme Group Inc (NASDAQ:CME).

More important recent CAE Inc. (NYSE:CAE) news were published by: Benzinga.com which released: “CAE Earnings Preview” on May 24, 2018, also Fool.ca published article titled: “Here Is Why BlackBerry Ltd. and CAE Inc. Need to Be in Your Portfolio”, Bizjournals.com published: “Tampa’s CAE USA is planning 100 worker expansion” on May 10, 2018. More interesting news about CAE Inc. (NYSE:CAE) was released by: Marketwired.com and their article: “REMINDER/Media Advisory: CAE’s FY2018 fourth quarter and full year financial results and conference call” with publication date: May 24, 2018.

Among 9 analysts covering CAE Inc. (NYSE:CAE), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. CAE Inc. had 17 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, May 27 by Macquarie Research. The rating was downgraded by Zacks on Wednesday, August 26 to “Hold”. The rating was upgraded by BMO Capital Markets on Wednesday, August 30 to “Outperform”. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, November 11. The firm earned “Outperform” rating on Monday, February 12 by RBC Capital Markets. On Friday, February 12 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The firm earned “Hold” rating on Tuesday, September 1 by Zacks. The firm earned “Outperform” rating on Friday, May 6 by National Bank Canada. The rating was downgraded by IBC on Friday, November 11 to “Sector Perform”. On Tuesday, September 22 the stock rating was downgraded by Zacks to “Sell”.

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.10, from 1.29 in 2017Q3. It dropped, as 10 investors sold CAE shares while 49 reduced holdings. 17 funds opened positions while 53 raised stakes. 128.20 million shares or 3.24% less from 132.48 million shares in 2017Q3 were reported. Canada Pension Plan Board holds 358,725 shares. 161,302 are owned by Goldman Sachs Group. Legal And General Group Public Limited Co holds 0% or 355,917 shares. Sumitomo Mitsui Holdings has invested 0.02% in CAE Inc. (NYSE:CAE). Us National Bank & Trust De holds 0% or 12,579 shares. Amp Cap Invsts Limited, a Australia-based fund reported 107,375 shares. Hall Laurie J Trustee holds 630 shares. Intact Mgmt has 106,730 shares for 0.1% of their portfolio. Renaissance Techs Ltd Liability Co has 0.04% invested in CAE Inc. (NYSE:CAE) for 1.97 million shares. Denver Advsr Ltd Liability reported 0.07% of its portfolio in CAE Inc. (NYSE:CAE). Alliancebernstein LP accumulated 22,378 shares or 0% of the stock. Magnetar Fincl Limited Liability Corp owns 18,795 shares or 0.01% of their US portfolio. Caisse De Depot Et Placement Du Quebec reported 0.19% in CAE Inc. (NYSE:CAE). Bnp Paribas Asset Mgmt Hldgs, a France-based fund reported 1.10 million shares. Great West Life Assurance Communication Can accumulated 188,918 shares or 0.01% of the stock.

Lincluden Management Ltd, which manages about $1.44B US Long portfolio, upped its stake in Bank Montreal Que (NYSE:BMO) by 42,680 shares to 802,223 shares, valued at $65.78M in 2017Q4, according to the filing. It also increased its holding in Glaxosmithkline Plc (NYSE:GSK) by 62,360 shares in the quarter, for a total of 274,720 shares, and has risen its stake in Cenovus Energy Inc. (NYSE:CVE).

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