Brookfield Asset Mgmt (BAM) Holder Brave Warrior Advisors Lowered Holding as Market Value Declined; Graham Capital Management LP Lifted Stake in Transocean LTD (Put) (RIG) by $3.38 Million

August 10, 2018 - By Robert Shackelford

Brookfield Asset Management Inc. (NYSE:BAM) Logo

Brave Warrior Advisors Llc decreased its stake in Brookfield Asset Mgmt Inc (BAM) by 33.44% based on its latest 2018Q1 regulatory filing with the SEC. Brave Warrior Advisors Llc sold 1.29M shares as the company’s stock declined 0.02% with the market. The hedge fund held 2.56 million shares of the building operators company at the end of 2018Q1, valued at $99.74M, down from 3.84M at the end of the previous reported quarter. Brave Warrior Advisors Llc who had been investing in Brookfield Asset Mgmt Inc for a number of months, seems to be less bullish one the $42.10 billion market cap company. The stock increased 4.52% or $1.89 during the last trading session, reaching $43.67. About 1.88M shares traded or 178.06% up from the average. Brookfield Asset Management Inc. (NYSE:BAM) has risen 7.02% since August 10, 2017 and is uptrending. It has underperformed by 5.55% the S&P500. Some Historical BAM News: 02/05/2018 – Mall Owner GGP Had No Rival Bids Before Reaching Brookfield Deal; 15/03/2018 – Brookfield Select Opportunities Income Fund Announces Quarterly Distribution; 15/04/2018 – INFIGEN: DISCUSSIONS W/ BROOKFIELD AFTER RECENT SHR PURCHAEE; 27/03/2018 – WESTINGHOUSE CAN EXIT BANKRUPTCY WITH SALE TO BROOKFIELD: JUDGE; 15/05/2018 – Brookfield Asset Management Buys New 4.1% Position in SemGroup; 29/05/2018 – Brookfield Public Securities Group Achieves 40 Percent Improvement in Operational Efficiencies with Sage Intacct; 17/04/2018 – STARWOOD, BROOKFIELD, SUNSTONE ARE ALSO SAID TO CONSIDER BIDS; 08/05/2018 – Brookfield Real Estate 1Q Cash Flow From Operations C$2.57/Share; 20/03/2018 – Report on Business: Brookfield to sell bonds in Brazil to help fund pipeline; 07/03/2018 – Commercial Obs: J. Crew Hones in on BNY Mellon’s HQ at Brookfield Place

Graham Capital Management Lp increased its stake in Transocean Ltd (Put) (RIG) by 136.36% based on its latest 2018Q1 regulatory filing with the SEC. Graham Capital Management Lp bought 375,000 shares as the company’s stock rose 26.78% while stock markets declined. The hedge fund held 650,000 shares of the oil & gas production company at the end of 2018Q1, valued at $6.44M, up from 275,000 at the end of the previous reported quarter. Graham Capital Management Lp who had been investing in Transocean Ltd (Put) for a number of months, seems to be bullish on the $5.73 billion market cap company. The stock decreased 4.02% or $0.52 during the last trading session, reaching $12.41. About 13.69M shares traded or 10.66% up from the average. Transocean Ltd. (NYSE:RIG) has risen 27.05% since August 10, 2017 and is uptrending. It has outperformed by 14.48% the S&P500. Some Historical RIG News: 21/03/2018 – TRANSOCEAN COMPULSORY PURCHASE OF REST SONGA STARTS MARCH 21; 01/05/2018 – TRANSOCEAN SAYS TRYING TO ADVANCE M&A TALKS FOR SOME RIGS; 21/03/2018 – Transocean: Subscription Period Expired at 6:59 P.M. EDT on March 20; 09/05/2018 – Transocean: Rig Expected to be Available for Charter in the 1Q of 2019; 15/03/2018 – NORWAY PETROLEUM SAFETY AUTH. GIVES TRANSOCEAN NOTICE OF ORDER; 01/05/2018 – TRANSOCEAN: COULD SEE DEEPWATER ACTIVITY OFFSHORE MEXICO IN ’18; 21/03/2018 – SUBSCRIPTION PERIOD ENDS IN TRANSOCEAN’S COMPULSORY ACQUISITION OF; 01/05/2018 – Transocean Eschewing Once-Cherished Multiyear Rig Contracts; 01/05/2018 – TRANSOCEAN SEES DOUBLING OF OFFSHORE PROJECT SANCTIONING IN ’19; 30/04/2018 – TRANSOCEAN 1Q ADJ LOSS/SHR 48C, EST. LOSS/SHR 37C

More notable recent Brookfield Asset Management Inc. (NYSE:BAM) news were published by: Seekingalpha.com which released: “Notable earnings before Thursday’s open” on August 08, 2018, also Bizjournals.com with their article: “Westinghouse out of bankruptcy with a new owner” published on August 02, 2018, Fool.com published: “It Doesn’t Take Much to Spook Wall Street About a Restaurant Stock” on August 07, 2018. More interesting news about Brookfield Asset Management Inc. (NYSE:BAM) were released by: Streetinsider.com and their article: “ReneSola (SOL) Announces Non-Binding Agreement with Brookfield Asset Management (BAM) Affiliate to Sell 206.8 …” published on July 31, 2018 as well as Crainscleveland.com‘s news article titled: “GrafTech International sets terms of secondary offering, stock buyback” with publication date: August 09, 2018.

Among 9 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brookfield Asset Management Inc. had 32 analyst reports since August 10, 2015 according to SRatingsIntel. As per Friday, October 16, the company rating was upgraded by IBC. The stock of Brookfield Asset Management Inc. (NYSE:BAM) has “Buy” rating given on Tuesday, August 15 by Citigroup. On Thursday, January 19 the stock rating was initiated by Citigroup with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Monday, October 2. The rating was maintained by RBC Capital Markets on Tuesday, June 20 with “Buy”. The stock of Brookfield Asset Management Inc. (NYSE:BAM) earned “Buy” rating by RBC Capital Markets on Thursday, November 9. The firm earned “Buy” rating on Thursday, November 9 by TD Securities. As per Wednesday, September 30, the company rating was upgraded by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, November 1 by RBC Capital Markets. Canaccord Genuity maintained the shares of BAM in report on Friday, August 11 with “Buy” rating.

Graham Capital Management Lp, which manages about $16.17 billion and $1.87B US Long portfolio, decreased its stake in Ishares Inc (EWZ) by 50,000 shares to 450,000 shares, valued at $20.20 million in 2018Q1, according to the filing. It also reduced its holding in Vaneck Vectors Etf Tr by 73,661 shares in the quarter, leaving it with 750,000 shares, and cut its stake in Caesars Entmt Corp (NASDAQ:CZR).

Among 41 analysts covering Transocean Ltd (NYSE:RIG), 17 have Buy rating, 9 Sell and 15 Hold. Therefore 41% are positive. Transocean Ltd had 114 analyst reports since August 7, 2015 according to SRatingsIntel. BMO Capital Markets maintained Transocean Ltd. (NYSE:RIG) rating on Tuesday, July 11. BMO Capital Markets has “Sell” rating and $700 target. The stock of Transocean Ltd. (NYSE:RIG) has “Buy” rating given on Thursday, March 23 by Scotia Capital. The rating was upgraded by Pareto to “Buy” on Friday, August 18. The company was upgraded on Thursday, September 3 by Vetr. S&P Research maintained it with “Hold” rating and $14 target in Friday, August 7 report. Vetr downgraded it to “Strong-Buy” rating and $13.21 target in Friday, August 28 report. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, March 27. The firm earned “Hold” rating on Thursday, September 15 by Canaccord Genuity. On Monday, September 28 the stock rating was upgraded by Deutsche Bank to “Hold”. The rating was upgraded by Fearnley to “Reduce” on Wednesday, March 9.

Investors sentiment increased to 1.29 in 2018 Q1. Its up 0.25, from 1.04 in 2017Q4. It is positive, as 42 investors sold RIG shares while 93 reduced holdings. 51 funds opened positions while 123 raised stakes. 296.24 million shares or 7.53% more from 275.51 million shares in 2017Q4 were reported. 2,218 are held by Regions Fincl Corp. Hbk LP has invested 0.05% of its portfolio in Transocean Ltd. (NYSE:RIG). Alliancebernstein Lp holds 0% or 242,740 shares. Riverhead Cap Limited Com stated it has 0.02% of its portfolio in Transocean Ltd. (NYSE:RIG). California State Teachers Retirement System holds 0.02% or 745,002 shares. Royal National Bank Of Canada holds 0% or 516,211 shares. Sta Wealth Limited holds 0.04% or 13,190 shares. Invesco reported 0.01% in Transocean Ltd. (NYSE:RIG). South Dakota Invest Council holds 0.13% or 595,000 shares. Moreover, Argyle Mngmt has 0.12% invested in Transocean Ltd. (NYSE:RIG). Parkside Finance Bankshares has invested 0% in Transocean Ltd. (NYSE:RIG). Liberty Mutual Grp Incorporated Asset Management reported 0.02% stake. Schwab Charles Mngmt reported 2.93M shares stake. Intl Gru reported 0.03% of its portfolio in Transocean Ltd. (NYSE:RIG). Kepos Cap Lp accumulated 194,047 shares.

More notable recent Transocean Ltd. (NYSE:RIG) news were published by: Seekingalpha.com which released: “Transocean: Update On Recent Developments” on July 21, 2018, also Seekingalpha.com with their article: “Transocean: Strong Results, Improving Position” published on August 01, 2018, Seekingalpha.com published: “Important Update: Transocean July Fleet Status” on July 25, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) were released by: Seekingalpha.com and their article: “Transocean chalks up two big rig contracts” published on July 17, 2018 as well as Seekingalpha.com‘s news article titled: “Transocean’s Newest Contracts Are Telling” with publication date: July 22, 2018.

Transocean Ltd. (NYSE:RIG) Ratings Chart

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