Transocean LTD (RIG) Valuation Declined While Midas Management Increased Position; As Central Securities (CET) Share Value Rose, Thomas J Herzfeld Advisors Lifted Holding by $1.11 Million

January 18, 2018 - By Vivian Park

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 $4.51B market cap company. The stock decreased 0.65% or $0.07 during the last trading session, reaching $11.53. About 5.90M shares traded. Transocean Ltd. (NYSE:RIG) has risen 15.86% since January 18, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Thomas J Herzfeld Advisors Inc increased its stake in Central Securities Corp (CET) by 12.28% based on its latest 2017Q3 regulatory filing with the SEC. Thomas J Herzfeld Advisors Inc bought 44,354 shares as the company’s stock rose 6.56% with the market. The institutional investor held 405,624 shares of the company at the end of 2017Q3, valued at $10.49M, up from 361,270 at the end of the previous reported quarter. Thomas J Herzfeld Advisors Inc who had been investing in Central Securities Corp for a number of months, seems to be bullish on the $712.82 million market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $28.7299. About 16,909 shares traded. Central Securities Corp. (NYSEMKT:CET) has risen 32.01% since January 18, 2017 and is uptrending. It has outperformed by 15.31% 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 102 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Reduce” rating on Wednesday, October 14 by Seaport Global Securities. The firm earned “Buy” rating on Thursday, January 4 by Jefferies. The firm has “Sector Perform” rating given on Wednesday, September 14 by Howard Weil. The firm has “Neutral” rating by Susquehanna given on Friday, August 5. Zacks upgraded it to “Hold” rating and $14 target in Tuesday, August 25 report. The firm earned “Neutral” rating on Wednesday, August 9 by Goldman Sachs. The stock has “Hold” rating by RBC Capital Markets on Thursday, October 5. The rating was downgraded by Bank of America to “Underperform” on Monday, January 9. The firm has “Hold” rating given on Tuesday, August 15 by Jefferies. On Tuesday, October 20 the stock rating was initiated by Citigroup with “Sell”.

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. 955,007 were reported by Nationwide Fund. Fifth Third Commercial Bank holds 782 shares. Canal reported 0.63% of its portfolio in Transocean Ltd. (NYSE:RIG). Gotham Asset Mngmt Limited holds 0.38% or 2.38M shares in its portfolio. Us National Bank De accumulated 3,383 shares. Ipswich Investment Mgmt Company stated it has 33,400 shares or 0.16% of all its holdings. Ahl Partners Limited Liability Partnership invested 0.02% of its portfolio in Transocean Ltd. (NYSE:RIG). Janney Montgomery Scott Ltd Liability holds 0.01% in Transocean Ltd. (NYSE:RIG) or 49,124 shares. Tci Wealth Advsr reported 0.01% of its portfolio in Transocean Ltd. (NYSE:RIG). River & Mercantile Asset Management Llp reported 997,899 shares stake. Numeric Lc reported 2.33M shares. Geode Capital Mngmt Limited Liability Corporation accumulated 0.01% or 3.24 million shares. Montgomery Invest has 10,620 shares for 0.05% of their portfolio. Mitsubishi Ufj Trust & Banking owns 22,079 shares. Aqr Management Ltd Llc stated it has 17,116 shares or 0% of all its holdings.

Investors sentiment increased to 0.67 in Q3 2017. Its up 0.04, from 0.63 in 2017Q2. It is positive, as 3 investors sold CET shares while 12 reduced holdings. 4 funds opened positions while 6 raised stakes. 2.44 million shares or 5.89% more from 2.30 million shares in 2017Q2 were reported. Morgan Stanley holds 0% or 153,699 shares in its portfolio. Sii Invs Inc Wi has 21,611 shares for 0.03% of their portfolio. Brinker Cap reported 19,012 shares stake. 25,000 were accumulated by Jbf. Stratos Wealth Partners Limited stated it has 0.01% of its portfolio in Central Securities Corp. (NYSEAMERICAN:CET). Zuckerman Inv Gru Ltd invested in 37,275 shares or 0.24% of the stock. Bank & Trust Of Montreal Can reported 0% stake. Wells Fargo Co Mn stated it has 0% of its portfolio in Central Securities Corp. (NYSEAMERICAN:CET). Thomas J Herzfeld Advsrs Incorporated, a Florida-based fund reported 405,624 shares. Northwestern Mutual Wealth Mgmt owns 118 shares. Bulldog Invsts Ltd Liability Co owns 368,295 shares or 2.76% of their US portfolio. 1607 Capital Ltd Liability Corporation holds 244,001 shares or 0.36% of its portfolio. Raymond James Assocs invested 0.01% of its portfolio in Central Securities Corp. (NYSEAMERICAN:CET). Shaker Fincl Svcs Ltd Liability Co holds 5.13% or 374,738 shares in its portfolio. Of Vermont accumulated 2,650 shares or 0.01% of the stock.

Thomas J Herzfeld Advisors Inc, which manages about $185.74M and $226.85M US Long portfolio, decreased its stake in Tri (NYSE:TY) by 48,596 shares to 57,534 shares, valued at $1.47M in 2017Q3, according to the filing. It also reduced its holding in Copa Holdings Sa (NYSE:CPA) by 6,000 shares in the quarter, leaving it with 26,273 shares, and cut its stake in Pioneer Municipal High Income Trust (NYSE:MHI).

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