Taylor Asset Management Trimmed Holding in Bank Montreal Que (BMO) by $675,000; Wealthfront Decreased Its Transocean LTD Reg Shs (RIG) Holding by $647,960

February 17, 2018 - By Darrin Black

Taylor Asset Management Inc decreased its stake in Bank Montreal Que (BMO) by 3.06% based on its latest 2017Q3 regulatory filing with the SEC. Taylor Asset Management Inc sold 9,000 shares as the company’s stock declined 10.55% while stock markets rallied. The hedge fund held 284,800 shares of the commercial banks company at the end of 2017Q3, valued at $21.55 million, down from 293,800 at the end of the previous reported quarter. Taylor Asset Management Inc who had been investing in Bank Montreal Que for a number of months, seems to be less bullish one the $49.59 billion market cap company. The stock decreased 0.86% or $0.67 during the last trading session, reaching $77.69. About 414,103 shares traded or 3.71% up from the average. Bank of Montreal (NYSE:BMO) has risen 10.44% since February 17, 2017 and is uptrending. It has underperformed by 6.26% the S&P500.

Wealthfront Inc decreased its stake in Transocean Ltd Reg Shs (RIG) by 71.8% based on its latest 2017Q3 regulatory filing with the SEC. Wealthfront Inc sold 64,796 shares as the company’s stock declined 20.06% while stock markets rallied. The institutional investor held 25,445 shares of the oil & gas production company at the end of 2017Q3, valued at $274,000, down from 90,241 at the end of the previous reported quarter. Wealthfront Inc who had been investing in Transocean Ltd Reg Shs for a number of months, seems to be less bullish one the $4.16B market cap company. The stock decreased 1.52% or $0.14 during the last trading session, reaching $9.09. About 15.65 million shares traded or 24.38% up from the average. Transocean Ltd. (NYSE:RIG) has risen 15.86% since February 17, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Analysts await Bank of Montreal (NYSE:BMO) to report earnings on February, 27. They expect $1.58 EPS, down 7.60% or $0.13 from last year’s $1.71 per share. BMO’s profit will be $1.01B for 12.29 P/E if the $1.58 EPS becomes a reality. After $1.55 actual EPS reported by Bank of Montreal for the previous quarter, Wall Street now forecasts 1.94% EPS growth.

Among 13 analysts covering Bank Of Montreal (NYSE:BMO), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. Bank Of Montreal had 29 analyst reports since August 4, 2015 according to SRatingsIntel. On Thursday, May 26 the stock rating was downgraded by Scotia Capital to “Sector Perform”. National Bank Canada maintained Bank of Montreal (NYSE:BMO) rating on Wednesday, August 26. National Bank Canada has “Sector Perform” rating and $76 target. The firm has “Hold” rating given on Thursday, May 26 by TD Securities. The rating was maintained by Canaccord Genuity with “Hold” on Tuesday, August 29. Macquarie Research upgraded Bank of Montreal (NYSE:BMO) on Thursday, February 15 to “Outperform” rating. Dundee Securities initiated Bank of Montreal (NYSE:BMO) on Wednesday, September 21 with “Neutral” rating. The rating was maintained by RBC Capital Markets on Friday, September 11 with “Sector Perform”. Scotia Capital maintained the stock with “Sector Perform” rating in Wednesday, August 26 report. As per Wednesday, August 24, the company rating was maintained by RBC Capital Markets. The firm has “Equal-Weight” rating given on Tuesday, May 23 by Barclays Capital.

Taylor Asset Management Inc, which manages about $310.14 million US Long portfolio, upped its stake in Encana Corp (NYSE:ECA) by 362,100 shares to 2.73 million shares, valued at $32.14 million in 2017Q3, according to the filing.

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. On Thursday, November 3 the stock rating was upgraded by Canaccord Genuity to “Buy”. Sidoti initiated the stock with “Buy” rating in Monday, January 18 report. Citigroup maintained it with “Sell” rating and $6 target in Monday, May 16 report. The firm has “Hold” rating by Jefferies given on Thursday, November 2. Zacks upgraded the shares of RIG in report on Tuesday, August 25 to “Hold” rating. The firm has “Buy” rating by Pareto given on Friday, August 18. As per Monday, November 30, the company rating was upgraded by Guggenheim. R. F. Lafferty initiated it with “Buy” rating and $21 target in Thursday, February 9 report. Evercore upgraded the stock to “Hold” rating in Wednesday, June 29 report. The company was maintained on Tuesday, July 11 by BMO Capital Markets.

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.

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. Vertex One Asset has invested 1.05% of its portfolio in Transocean Ltd. (NYSE:RIG). The California-based Wells Fargo And Com Mn has invested 0% in Transocean Ltd. (NYSE:RIG). Parkwood Ltd Liability Corp holds 0.17% of its portfolio in Transocean Ltd. (NYSE:RIG) for 103,925 shares. Farmers & Merchants Inc accumulated 53 shares. Shelton Cap Management stated it has 0.02% of its portfolio in Transocean Ltd. (NYSE:RIG). 24,700 were accumulated by Nine Chapters Capital Ltd. Connor Clark And Lunn Invest Mgmt Ltd, British Columbia – Canada-based fund reported 970,107 shares. Moreover, Commonwealth Bankshares Of Aus has 0.06% invested in Transocean Ltd. (NYSE:RIG) for 529,358 shares. Contrarius Invest Mgmt accumulated 6.77% or 10.74M shares. Invesco Limited holds 0.01% of its portfolio in Transocean Ltd. (NYSE:RIG) for 1.78 million shares. 300 were reported by Mufg Americas Hldg. The New Jersey-based Seabridge Invest Advsrs Llc has invested 0% in Transocean Ltd. (NYSE:RIG). Horseman Capital Management Ltd reported 1.81M shares or 4.32% of all its holdings. Citadel Advisors Ltd holds 1.99 million shares. Commerzbank Aktiengesellschaft Fi holds 0.21% in Transocean Ltd. (NYSE:RIG) or 1.47M shares.

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