Helikon Investments Ltd Buys New Holdings in Transportadora De Gas Sa Ord B $TGS

Helikon Investments Ltd purchased a new position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,897,250 shares of the energy company’s stock, valued at approximately $60,929,000. Transportadora De Gas Sa Ord B comprises approximately 4.2% of Helikon Investments Ltd’s portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in shares of Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after purchasing an additional 2,725 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Transportadora De Gas Sa Ord B in the second quarter valued at about $488,000. Insigneo Advisory Services LLC raised its stake in shares of Transportadora De Gas Sa Ord B by 84.7% during the second quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock valued at $547,000 after acquiring an additional 9,687 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth about $706,000. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth about $2,141,000. Institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Trading Down 0.1%

Shares of NYSE TGS opened at $30.39 on Monday. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $34.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. The firm has a 50-day moving average of $30.46 and a 200 day moving average of $27.94. The stock has a market cap of $4.58 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Bank of America assumed coverage on Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They set a “buy” rating and a $39.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentina‐based midstream energy company principally engaged in the transportation, storage and processing of natural gas. Established in 1992 following the privatization of the state‐owned gas utility, TGS operates one of the country’s largest pipeline networks, carrying gas from production basins in the Neuquén and Golfo San Jorge regions to major consumption markets in Buenos Aires and beyond. The company’s infrastructure supports both domestic supply and export volumes bound for neighboring countries.

In addition to its core pipeline business, TGS maintains a significant gas processing division that extracts natural gas liquids (NGL) and produces liquefied petroleum gas (LPG) and other by‐products.