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Artemis Investment Management Llp Maintains Stake in Synovus Finl (SNV); Pomelo Capital Lowered Holding in Transocean LTD (RIG) by $2.25 Million as Shares Declined

Philip Rosenstrach decreased its stake in Transocean Ltd (RIG) by 56.25% based on its latest 2017Q3 regulatory filing with the SEC. Pomelo Capital Llc sold 225,000 shares as the company’s stock declined 20.06% while stock markets rallied. The hedge fund run by Philip Rosenstrach held 175,000 shares of the oil & gas production company at the end of 2017Q3, valued at $1.88 million, down from 400,000 at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Transocean Ltd for a number of months, seems to be less bullish one the $4.16 billion market cap company. The stock decreased 1.73% or $0.16 during the last trading session, reaching $9.07. About 10.86M shares traded. Transocean Ltd. (NYSE:RIG) has risen 15.86% since February 16, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Artemis Investment Management Llp increased its stake in Synovus Finl Corp (SNV) by 19.97% based on its latest 2017Q3 regulatory filing with the SEC. Artemis Investment Management Llp bought 28,298 shares as the company’s stock declined 2.76% while stock markets rallied. The institutional investor held 169,991 shares of the major banks company at the end of 2017Q3, valued at $7.83M, up from 141,693 at the end of the previous reported quarter. Artemis Investment Management Llp who had been investing in Synovus Finl Corp for a number of months, seems to be bullish on the $6.04B market cap company. The stock increased 0.59% or $0.3 during the last trading session, reaching $50.8. About 239,738 shares traded. Synovus Financial Corp. (NYSE:SNV) has risen 33.10% since February 16, 2017 and is uptrending. It has outperformed by 16.40% the S&P500.

Among 19 analysts covering Synovus Financial Corp. (NYSE:SNV), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Synovus Financial Corp. had 56 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, April 20, the company rating was downgraded by Raymond James. As per Tuesday, November 28, the company rating was maintained by SunTrust. The rating was downgraded by Morgan Stanley on Thursday, February 11 to “Underperform”. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, September 25. The stock of Synovus Financial Corp. (NYSE:SNV) has “Neutral” rating given on Friday, November 18 by Compass Point. The stock of Synovus Financial Corp. (NYSE:SNV) has “Buy” rating given on Tuesday, October 17 by RBC Capital Markets. Bank of America maintained Synovus Financial Corp. (NYSE:SNV) on Wednesday, January 24 with “Buy” rating. As per Thursday, February 2, the company rating was initiated by JMP Securities. The rating was upgraded by Barclays Capital to “Equal Weight” on Tuesday, December 6. Stephens maintained the stock with “Buy” rating in Wednesday, January 24 report.

Artemis Investment Management Llp, which manages about $4.87 billion US Long portfolio, decreased its stake in Wellcare Health Plans Inc (NYSE:WCG) by 8,501 shares to 33,199 shares, valued at $5.70M in 2017Q3, according to the filing. It also reduced its holding in Starbucks Corp (NASDAQ:SBUX) by 327,007 shares in the quarter, leaving it with 2,928 shares, and cut its stake in Mercury Sys Inc (NASDAQ:MRCY).

Analysts await Transocean Ltd. (NYSE:RIG) to report earnings on February, 22. They expect $-0.22 EPS, down 134.92% or $0.85 from last year’s $0.63 per share. After $0.16 actual EPS reported by Transocean Ltd. for the previous quarter, Wall Street now forecasts -237.50% negative EPS growth.

Pomelo Capital Llc, which manages about $366.34M and $2.35 billion US Long portfolio, upped its stake in Prospect Capital Corporation (Prn) by 2.27M shares to 9.14M shares, valued at $9.46 million in 2017Q3, according to the filing. It also increased its holding in Navistar Intl Corp New (Prn) by 10.00M shares in the quarter, for a total of 24.00M shares, and has risen its stake in Rh (Put).

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. Jefferies maintained the shares of RIG in report on Tuesday, August 16 with “Hold” rating. RBC Capital Markets maintained it with “Hold” rating and $11.0 target in Friday, September 1 report. Nomura maintained Transocean Ltd. (NYSE:RIG) on Thursday, August 17 with “Reduce” rating. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Friday, October 9. On Thursday, January 4 the stock rating was upgraded by Jefferies to “Buy”. Citigroup initiated the stock with “Sell” rating in Tuesday, October 20 report. Credit Suisse maintained the stock with “Underperform” rating in Thursday, February 25 report. Howard Weil initiated the stock with “Sector Perform” rating in Wednesday, September 14 report. The firm earned “Buy” rating on Monday, January 18 by Sidoti. The firm has “Hold” rating given on Thursday, October 19 by HSBC.

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