5 Best Beaten Down Stocks To Buy Right Now

3. Transocean Ltd. (NYSE:RIG)

Number of Hedge Fund Investors In Q4 2023: 45

52-Week Range: $4.87 – $8.88

Current Share Price: $4.89

Transocean Ltd. (NYSE:RIG) is a Switzerland based energy company that provides drilling services and other associated products. Its latest set of financial results kept up a trend of losses but also provided a respite as a loss per share of 9 cents beat analyst estimates of a 23 cent loss.

During 2023’s December quarter, 45 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the firm. Transocean Ltd. (NYSE:RIG)’s largest hedge fund shareholder is Dmitry Balyasny’s Balyasny Asset Management due to its $44.9 million stake.

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