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

SPX Gestao de Recursos Ltda lowered its stake in Transportadora De Gas Sa Ord B (NYSE:TGS) by 15.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,025,136 shares of the energy company’s stock after selling 181,667 shares during the period. Transportadora De Gas Sa Ord B accounts for approximately 2.9% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 12th biggest holding. SPX Gestao de Recursos Ltda’s holdings in Transportadora De Gas Sa Ord B were worth $35,480,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Helikon Investments Ltd boosted its stake in shares of Transportadora De Gas Sa Ord B by 13.3% during the 4th quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock valued at $102,077,000 after purchasing an additional 386,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Transportadora De Gas Sa Ord B by 9.2% during 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 acquiring an additional 137,032 shares in the last quarter. Fundamenta Capital S.A. bought a new stake in Transportadora De Gas Sa Ord B during the 4th quarter valued at approximately $18,565,000. Banco BTG Pactual S.A. grew its holdings in shares of Transportadora De Gas Sa Ord B by 143.2% during the 3rd quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock worth $4,227,000 after acquiring an additional 118,357 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Transportadora De Gas Sa Ord B by 11.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company’s stock worth $4,723,000 after acquiring an additional 18,009 shares in the last quarter. 3.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on TGS. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research cut shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Price Performance

TGS opened at $29.84 on Friday. The firm has a market cap of $4.49 billion, a PE ratio of 13.50, a P/E/G ratio of 1.06 and a beta of 0.63. The stock has a 50-day moving average price of $30.27 and a 200-day moving average price of $30.77. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $36.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08.

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.