5 Best Single Digit Stocks To Invest In

2. Transocean Ltd. (NYSE:RIG)

Number of Hedge Fund Investors In Q4 2023: 45

Transocean Ltd. (NYSE:RIG) is an industrial equipment operator that provides drilling, well management, and other related services to oil and gas producers. The firm has been struggling in a weak global oil industry as it has missed analyst EPS estimates in three out of its four latest quarters.

During December 2023, 45 out of the 933 hedge funds surveyed by Insider Monkey held a stake in Transocean Ltd. (NYSE:RIG). Dmitry Balyasny’s Balyasny Asset Management was the biggest investor due to its $44.9 million stake.

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