Primecap Management Company Has Lowered Its Transocean LTD (RIG) Stake by $2.07 Million; Schneider Capital Management Has Cut Willbros Group (WG) Holding by $457,380; Market Valuation Declined

February 22, 2018 - By Michael Collier

Primecap Management Company decreased its stake in Transocean Ltd (RIG) by 1.42% based on its latest 2017Q3 regulatory filing with the SEC. Primecap Management Company sold 207,000 shares as the company’s stock declined 20.06% while stock markets rallied. The institutional investor held 14.34M shares of the oil & gas production company at the end of 2017Q3, valued at $154.30M, down from 14.55 million at the end of the previous reported quarter. Primecap Management Company who had been investing in Transocean Ltd for a number of months, seems to be less bullish one the $4.13 billion market cap company. The stock decreased 0.88% or $0.08 during the last trading session, reaching $9.01. About 16.60M shares traded or 28.51% up from the average. Transocean Ltd. (NYSE:RIG) has risen 15.86% since February 22, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Schneider Capital Management Corp decreased its stake in Willbros Group Inc. (WG) by 6.53% based on its latest 2017Q3 regulatory filing with the SEC. Schneider Capital Management Corp sold 152,460 shares as the company’s stock declined 20.46% while stock markets rallied. The institutional investor held 2.18M shares of the energy company at the end of 2017Q3, valued at $7.03 million, down from 2.33M at the end of the previous reported quarter. Schneider Capital Management Corp who had been investing in Willbros Group Inc. for a number of months, seems to be less bullish one the $61.09 million market cap company. The stock decreased 0.45% or $0.0044 during the last trading session, reaching $0.9662. About 139,186 shares traded. Willbros Group, Inc. (NYSE:WG) has declined 22.01% since February 22, 2017 and is downtrending. It has underperformed by 38.71% the S&P500.




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. Susquehanna Limited Liability Partnership, a Pennsylvania-based fund reported 886,994 shares. Tiedemann Wealth Mgmt Ltd Liability Com owns 29,608 shares. First Manhattan holds 0% or 354 shares in its portfolio. Hightower Limited Com reported 83,692 shares or 0.01% of all its holdings. Bridgeway Cap Mngmt invested in 30,000 shares or 0% of the stock. C M Bidwell And Assoc Ltd stated it has 0.33% in Transocean Ltd. (NYSE:RIG). Arrowstreet Lp reported 2.48M shares stake. Tiaa Cref Invest Ltd Liability Com holds 0.02% of its portfolio in Transocean Ltd. (NYSE:RIG) for 2.18 million shares. Focused Wealth Management Inc owns 47,464 shares. Hsbc Hldgs Pcl, United Kingdom-based fund reported 145,660 shares. Shoker Inv Counsel invested in 14,315 shares or 0.12% of the stock. Riverhead Limited Liability owns 41,300 shares. Bnp Paribas Arbitrage holds 0.03% or 1.03 million shares in its portfolio. Exane Derivatives reported 44,984 shares. Thompson Davis And Inc accumulated 226 shares or 0% of the stock.

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 15 have Buy rating, 10 Sell and 15 Hold. Therefore 38% are positive. Transocean Ltd had 105 analyst reports since August 7, 2015 according to SRatingsIntel. As per Wednesday, April 19, the company rating was maintained by BMO Capital Markets. The rating was upgraded by Goldman Sachs to “Neutral” on Wednesday, August 9. As per Friday, September 22, the company rating was maintained by Jefferies. The stock of Transocean Ltd. (NYSE:RIG) has “Hold” rating given on Friday, February 16 by Susquehanna. The company was upgraded on Friday, August 25 by RBC Capital Markets. The company was downgraded on Friday, August 28 by Vetr. On Thursday, October 19 the stock rating was maintained by Piper Jaffray with “Hold”. On Thursday, February 2 the stock rating was downgraded by Morgan Stanley to “Underweight”. The firm has “Sell” rating by BMO Capital Markets given on Tuesday, July 11. The stock has “Hold” rating by RBC Capital Markets on Friday, January 26.

Primecap Management Company, which manages about $87.86B and $120.82B US Long portfolio, upped its stake in T (NYSE:TMUS) by 71,500 shares to 339,000 shares, valued at $20.90M in 2017Q3, according to the filing. It also increased its holding in Splunk (NASDAQ:SPLK) by 1.26M shares in the quarter, for a total of 5.34M shares, and has risen its stake in Transdigm Group (NYSE:TDG).

Among 5 analysts covering Willbros Group (NYSE:WG), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Willbros Group had 6 analyst reports since July 2, 2015 according to SRatingsIntel. The rating was maintained by DA Davidson with “Neutral” on Monday, August 10. The rating was maintained by Credit Suisse on Wednesday, August 16 with “Underperformer”. As per Friday, March 11, the company rating was maintained by Avondale. The firm has “Hold” rating given on Monday, September 18 by KeyBanc Capital Markets. The firm earned “Neutral” rating on Thursday, July 2 by UBS. As per Friday, June 24, the company rating was upgraded by Morgan Stanley.

Investors sentiment increased to 2.24 in 2017 Q3. Its up 1.09, from 1.15 in 2017Q2. It increased, as 6 investors sold WG shares while 15 reduced holdings. 20 funds opened positions while 27 raised stakes. 40.08 million shares or 11.23% more from 36.04 million shares in 2017Q2 were reported. Williams Jones Associate Limited Liability Com reported 26,000 shares. Connor Clark And Lunn Invest Management invested in 177,513 shares or 0% of the stock. Retail Bank Of America Corp De holds 22,206 shares or 0% of its portfolio. 36,410 are owned by Bokf Na. Financial Bank Of Mellon accumulated 182,022 shares. The New York-based Virtu Financial Limited Liability Com has invested 0% in Willbros Group, Inc. (NYSE:WG). Menta Ltd Limited Liability Company stated it has 0.06% of its portfolio in Willbros Group, Inc. (NYSE:WG). Goldman Sachs Group Inc invested in 0% or 28,114 shares. Macquarie Gp Ltd reported 64,351 shares or 0% of all its holdings. Credit Agricole S A holds 0% or 144,211 shares in its portfolio. Fortress Grp Ltd Liability Corporation holds 45,350 shares. Clinton owns 14,067 shares or 0% of their US portfolio. Vanguard Gp owns 2.39 million shares for 0% of their portfolio. Schwab Charles Invest has invested 0% in Willbros Group, Inc. (NYSE:WG). Bridgecreek Invest Ltd Liability Corp invested in 44,000 shares or 0.04% of the stock.

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