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American Century Companies Inc. increased its stake in Transocean by 51.5%, now holding over 19 million shares valued at $72 million. Other institutional investors, including Renaissance Technologies and SIR Capital Management, also acquired significant positions in the offshore drilling company. Despite these investments, analysts have lowered price targets for Transocean, with a consensus "Hold" rating and an average target of $5.23.
Optiver Holding B.V. increased its stake in Transocean by 53.6%, now owning 8,400 shares valued at $32,000. Other institutional investors, including Ballentine Partners LLC and Van Den Berg Management I Inc., also raised their holdings, contributing to a total institutional ownership of 67.73%. Transocean's stock has a consensus "Hold" rating, with a recent price target reduction by Barclays to $4.00, suggesting a potential upside of 20.19%.
The Swiss stock exchange started the week positively, with the SMI Guiding Values Index rising 1.51% to 7982.44 points, while the SPI gained 1.50% to 8311.73 points. The market's optimism is fueled by increasing oil prices, benefiting companies like Transocean and cyclical stocks such as ABB and Adecco. Notable gains were also seen in banking and insurance sectors, with UBS and Swiss Re performing well, while EFG International faced a decline after announcing its acquisition of BSI.
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transocean sees significant institutional investment amid mixed analyst ratings
16:49 20.03.2025
institutional investors increase stakes in transocean amid mixed analyst ratings
14:06 25.02.2025
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