Argyle Capital Management Stake in Pulte Group (PHM) Has Raised by $1.32 Million; Graham Capital Management LP Has Boosted Transocean LTD (Put) (RIG) Holding by $3.38 Million

June 14, 2018 - By Clifton Ray

PulteGroup, Inc. (NYSE:PHM) Logo

Argyle Capital Management Inc increased its stake in Pulte Group Inc (PHM) by 143.1% based on its latest 2018Q1 regulatory filing with the SEC. Argyle Capital Management Inc bought 45,650 shares as the company’s stock rose 3.85% while stock markets declined. The institutional investor held 77,550 shares of the capital goods company at the end of 2018Q1, valued at $2.29M, up from 31,900 at the end of the previous reported quarter. Argyle Capital Management Inc who had been investing in Pulte Group Inc for a number of months, seems to be bullish on the $8.82B market cap company. The stock increased 0.34% or $0.105 during the last trading session, reaching $30.885. About 3.96 million shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 33.11% since June 14, 2017 and is uptrending. It has outperformed by 20.54% the S&P500.

Kenneth Tropin 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 run by Kenneth Tropin held 650,000 shares of the oil & gas production company at the end of 2018Q1, valued at $6.44 million, 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 $5.68B market cap company. The stock decreased 0.45% or $0.055 during the last trading session, reaching $12.295. About 7.66 million shares traded. Transocean Ltd. (NYSE:RIG) has risen 27.05% since June 14, 2017 and is uptrending. It has outperformed by 14.48% the S&P500. Some Historical RIG News: 09/05/2018 – Transocean Buys 33.3% Interest in the West Rigel Rig; 11/04/2018 – Fitch Withdraws Transocean’s Ratings; 01/05/2018 – TRANSOCEAN: COULD SEE DEEPWATER ACTIVITY OFFSHORE MEXICO IN ’18; 30/04/2018 – TRANSOCEAN 1Q ADJ LOSS/SHR 48C, EST. LOSS/SHR 37C; 01/05/2018 – TRANSOCEAN SAYS IT WILL EVALUATE MORE M&A TARGETS IN 2018; 21/03/2018 – TRANSOCEAN COMPULSORY PURCHASE OF REST SONGA STARTS MARCH 21; 01/05/2018 – TRANSOCEAN SEES HAVING UP TO 4 OF ITS RIGS BY MID-’19 IN MEXICO; 01/05/2018 – TRANSOCEAN SEES 2018 O&M EXPENSES AT HIGH END OF $1.55B-$1.65B; 18/04/2018 – Transocean Ltd. Provides Quarterly Fleet Status Report; 30/04/2018 – Transocean 1Q Rev $664M

Among 22 analysts covering PulteGroup (NYSE:PHM), 11 have Buy rating, 2 Sell and 9 Hold. Therefore 50% are positive. PulteGroup had 76 analyst reports since September 11, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, July 26 by Susquehanna. The stock of PulteGroup, Inc. (NYSE:PHM) has “Buy” rating given on Monday, June 19 by RBC Capital Markets. The firm earned “Underperform” rating on Tuesday, September 20 by Wedbush. The firm has “Buy” rating given on Sunday, August 20 by RBC Capital Markets. The stock of PulteGroup, Inc. (NYSE:PHM) has “Neutral” rating given on Thursday, July 13 by Wedbush. The stock of PulteGroup, Inc. (NYSE:PHM) has “Underperform” rating given on Wednesday, April 26 by Wedbush. Barclays Capital downgraded PulteGroup, Inc. (NYSE:PHM) on Tuesday, July 11 to “Equal-Weight” rating. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Outperform” rating by RBC Capital Markets on Friday, July 22. The firm earned “Outperform” rating on Friday, January 27 by RBC Capital Markets. B. Riley & Co downgraded it to “Neutral” rating and $36 target in Wednesday, January 3 report.

More recent PulteGroup, Inc. (NYSE:PHM) news were published by: Seekingalpha.com which released: “Homebuilders end the week up after report shows home prices increase” on June 08, 2018. Also Nasdaq.com published the news titled: “Investor Expectations to Drive Momentum within Edison International, Capital One Financial, CF Industries, Moody’s …” on June 12, 2018. Seekingalpha.com‘s news article titled: “Opinion: Stock Market Investors Could Hardly Ask For Better Conditions” with publication date: June 14, 2018 was also an interesting one.

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.28, from 1.01 in 2017Q4. It fall, as 48 investors sold PHM shares while 193 reduced holdings. 48 funds opened positions while 127 raised stakes. 234.12 million shares or 1.16% less from 236.87 million shares in 2017Q4 were reported. Peloton Wealth Strategists reported 90,500 shares. Affinity Investment Advsr Lc holds 0.89% in PulteGroup, Inc. (NYSE:PHM) or 257,917 shares. Stifel Financial, Missouri-based fund reported 64,627 shares. First Republic, a California-based fund reported 8,027 shares. Laurion Mngmt LP accumulated 320,542 shares. Amica Retiree Medical Trust has 1,261 shares for 0.03% of their portfolio. Brown Advisory Inc reported 0% stake. Ftb Advsr Incorporated owns 1,437 shares or 0% of their US portfolio. State Teachers Retirement accumulated 0.04% or 513,090 shares. Geode Capital Mgmt Limited Liability Company accumulated 4.11M shares. Pennsylvania-based Glenmede Trust Na has invested 0.2% in PulteGroup, Inc. (NYSE:PHM). Toronto Dominion Bank holds 0.01% or 150,887 shares. Wilsey Asset stated it has 457,412 shares or 7.3% of all its holdings. Deutsche Bancshares Ag reported 1.46M shares. Pnc Fincl Serv Grp reported 0% in PulteGroup, Inc. (NYSE:PHM).

Since February 21, 2018, it had 1 insider buy, and 4 insider sales for $2.25 million activity. $97,061 worth of PulteGroup, Inc. (NYSE:PHM) was bought by Hawaux Andre J on Thursday, May 10. Another trade for 14,000 shares valued at $430,384 was sold by GRISE CHERYL W. Shares for $1.62M were sold by SMITH HARMON D.

Argyle Capital Management Inc, which manages about $252.92M and $252.26M US Long portfolio, decreased its stake in Dowdupont Inc by 4,946 shares to 102,166 shares, valued at $6.51 million in 2018Q1, according to the filing.

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 Caesars Entmt Corp (NASDAQ:CZR) by 1.70M shares in the quarter, leaving it with 76,336 shares, and cut its stake in Netflix Inc (NASDAQ:NFLX).

Among 40 analysts covering Transocean Ltd (NYSE:RIG), 16 have Buy rating, 9 Sell and 15 Hold. Therefore 40% are positive. Transocean Ltd had 111 analyst reports since August 7, 2015 according to SRatingsIntel. RBC Capital Markets downgraded it to “Underperform” rating and $17 target in Friday, December 16 report. HSBC initiated it with “Hold” rating and $11.5 target in Thursday, October 19 report. As per Monday, November 30, the company rating was upgraded by Guggenheim. Credit Suisse maintained Transocean Ltd. (NYSE:RIG) on Thursday, February 25 with “Underperform” rating. The firm has “Sell” rating given on Tuesday, July 11 by BMO Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Friday, November 10. Cowen & Co maintained it with “Hold” rating and $700 target in Wednesday, August 2 report. The firm has “Reduce” rating by Seaport Global Securities given on Wednesday, October 14. Sidoti initiated the shares of RIG in report on Monday, January 18 with “Buy” rating. The firm has “Underweight” rating by Morgan Stanley given on Thursday, February 2.

Investors sentiment increased to 1.29 in Q1 2018. Its up 0.25, from 1.04 in 2017Q4. It improved, 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. Scotia Cap stated it has 40,314 shares. Raymond James & Associate, Florida-based fund reported 70,222 shares. Ubs Asset Mngmt Americas has invested 0% in Transocean Ltd. (NYSE:RIG). 183,237 are owned by Penn Capital Mgmt. Captrust Financial Advsr accumulated 12,235 shares or 0.01% of the stock. 766,230 are owned by Swiss State Bank. 1.75M were reported by Laurion Cap Mgmt Lp. Employees Retirement Association Of Colorado stated it has 0% of its portfolio in Transocean Ltd. (NYSE:RIG). Putnam Llc owns 10,190 shares. Quantitative Systematic Strategies Limited Co owns 13,609 shares. Moreover, Oz Mngmt Limited Partnership has 0.01% invested in Transocean Ltd. (NYSE:RIG) for 106,700 shares. Oregon Employees Retirement Fund reported 158,048 shares. State Street has 13.80 million shares for 0.01% of their portfolio. Fruth Invest Management owns 26,052 shares. Morgan Stanley holds 2.22 million shares.

PulteGroup, Inc. (NYSE:PHM) Institutional Positions Chart

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