SPX Gestao de Recursos Ltda Has $12.16 Million Stock Holdings in Transportadora De Gas Sa Ord B $TGS

SPX Gestao de Recursos Ltda decreased its holdings in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 30.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 578,365 shares of the energy company’s stock after selling 258,777 shares during the quarter. Transportadora De Gas Sa Ord B accounts for approximately 1.0% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 24th biggest position. SPX Gestao de Recursos Ltda owned approximately 0.38% of Transportadora De Gas Sa Ord B worth $12,163,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Helikon Investments Ltd purchased a new stake in Transportadora De Gas Sa Ord B in the 3rd quarter worth about $60,929,000. Encompass Capital Advisors LLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at about $25,900,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Transportadora De Gas Sa Ord B by 9.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock valued at $42,154,000 after purchasing an additional 137,032 shares during the period. Millennium Management LLC lifted its position in shares of Transportadora De Gas Sa Ord B by 787.5% in the first quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock worth $3,808,000 after purchasing an additional 127,702 shares in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Transportadora De Gas Sa Ord B in the second quarter worth approximately $2,141,000. 3.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research lowered shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report 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, Transportadora De Gas Sa Ord B presently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Trading Up 1.4%

NYSE:TGS opened at $28.97 on Friday. The company has a market capitalization of $4.36 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.20 and a beta of 0.84. The stock’s 50 day moving average price is $30.12 and its 200 day moving average price is $28.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $34.10.

Transportadora De Gas Sa Ord B Company Profile

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.