Midas Management Holds Holding in Transocean LTD (RIG); Smith Asset Management Group LP Continues to Hold Position in Apple (AAPL)

February 15, 2018 - By Marie Mckinney

Smith Asset Management Group Lp increased its stake in Apple Inc (AAPL) by 19.17% based on its latest 2017Q3 regulatory filing with the SEC. Smith Asset Management Group Lp bought 133,004 shares as the company’s stock rose 12.78% with the market. The hedge fund held 826,705 shares of the computer manufacturing company at the end of 2017Q3, valued at $127.41M, up from 693,701 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Apple Inc for a number of months, seems to be bullish on the $876.13B market cap company. The stock increased 3.17% or $5.3 during the last trading session, reaching $172.67. About 32.56M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 15, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

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 $3.37 million, 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 $4.20B market cap company. The stock decreased 1.51% or $0.14 during the last trading session, reaching $9.16. About 7.30 million shares traded. Transocean Ltd. (NYSE:RIG) has risen 15.86% since February 15, 2017 and is uptrending. It has underperformed by 0.84% 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 103 analyst reports since August 7, 2015 according to SRatingsIntel. As per Friday, September 23, the company rating was upgraded by Credit Suisse. R. F. Lafferty maintained it with “Buy” rating and $16 target in Monday, May 8 report. The firm has “Sector Weight” rating given on Friday, October 9 by KeyBanc Capital Markets. BMO Capital Markets maintained the shares of RIG in report on Tuesday, July 11 with “Sell” rating. Jefferies upgraded the stock to “Buy” rating in Thursday, January 4 report. The stock of Transocean Ltd. (NYSE:RIG) earned “Hold” rating by Jefferies on Friday, June 30. Citigroup initiated Transocean Ltd. (NYSE:RIG) on Tuesday, October 20 with “Sell” rating. Jefferies maintained Transocean Ltd. (NYSE:RIG) on Tuesday, August 15 with “Hold” rating. Cowen & Co maintained the stock with “Hold” rating in Wednesday, October 18 report. The firm has “Buy” rating by Arctic Securities given on Thursday, January 5.

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. Acadian Asset Mngmt Ltd Co has invested 0% of its portfolio in Transocean Ltd. (NYSE:RIG). Preferred Ltd Liability Co has 0% invested in Transocean Ltd. (NYSE:RIG). State Treasurer State Of Michigan holds 0.01% or 147,100 shares in its portfolio. Lpl Limited Liability Corp reported 70,260 shares stake. Product Prns Llc holds 2.01 million shares or 0.72% of its portfolio. Moreover, Hanson And Doremus Investment Mngmt has 0.04% invested in Transocean Ltd. (NYSE:RIG). Chicago Equity Limited Com holds 0.06% in Transocean Ltd. (NYSE:RIG) or 172,940 shares. Credit Suisse Ag reported 1.19 million shares. Gsa Cap Prns Llp invested in 0.2% or 278,556 shares. Profund Advsrs Limited Liability Corp holds 64,378 shares. Benjamin F Edwards Com holds 0.01% of its portfolio in Transocean Ltd. (NYSE:RIG) for 10,186 shares. The New York-based Citigroup has invested 0% in Transocean Ltd. (NYSE:RIG). Thompson Siegel & Walmsley Limited Co, a Virginia-based fund reported 4.60 million shares. Vanguard Group reported 33.07 million shares. State Street Corporation accumulated 13.12 million shares.

Since August 15, 2017, it had 0 buys, and 7 insider sales for $70.47 million activity. The insider KONDO CHRIS sold $1.01 million. Srouji Johny had sold 10,469 shares worth $1.70M. Another trade for 15,641 shares valued at $2.73 million was sold by Riccio Daniel J.. 268,623 shares were sold by COOK TIMOTHY D, worth $43.15 million on Thursday, August 24. 63,388 shares were sold by AHRENDTS ANGELA J, worth $9.78 million.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 17 Hold. Therefore 66% are positive. Apple Inc. had 377 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, August 28. Piper Jaffray has “Overweight” rating and $172 target. The stock has “Buy” rating by Piper Jaffray on Monday, August 31. The company was maintained on Tuesday, November 21 by Rosenblatt. Cowen & Co maintained it with “Buy” rating and $16000 target in Wednesday, June 21 report. CLSA maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, April 27 with “Buy” rating. Drexel Hamilton initiated the shares of AAPL in report on Thursday, October 1 with “Buy” rating. The rating was maintained by UBS on Tuesday, September 20 with “Buy”. RBC Capital Markets maintained the shares of AAPL in report on Monday, July 31 with “Buy” rating. On Friday, November 3 the stock rating was maintained by UBS with “Buy”. The rating was downgraded by Rosenblatt on Wednesday, January 6 to “Neutral”.

Smith Asset Management Group Lp, which manages about $2.91 billion and $2.99B US Long portfolio, decreased its stake in Eaton Corp Plc (NYSE:ETN) by 29,916 shares to 294,425 shares, valued at $22.61M in 2017Q3, according to the filing. It also reduced its holding in Wal (NYSE:WMT) by 30,501 shares in the quarter, leaving it with 293,020 shares, and cut its stake in Celanese Corp (NYSE:CE).

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