Fourth Sail Capital LP Sells 423,261 Shares of Transportadora De Gas Sa Ord B $TGS

Fourth Sail Capital LP reduced its position in Transportadora De Gas Sa Ord B (NYSE:TGS) by 68.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 191,630 shares of the energy company’s stock after selling 423,261 shares during the period. Transportadora De Gas Sa Ord B accounts for 1.0% of Fourth Sail Capital LP’s portfolio, making the stock its 27th biggest position. Fourth Sail Capital LP’s holdings in Transportadora De Gas Sa Ord B were worth $5,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. SPX Gestao de Recursos Ltda raised its holdings in shares of Transportadora De Gas Sa Ord B by 108.7% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock valued at $37,520,000 after acquiring an additional 628,438 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at about $1,516,000. Van ECK Associates Corp raised its holdings in shares of Transportadora De Gas Sa Ord B by 536.6% in the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock valued at $135,000 after acquiring an additional 3,665 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at about $5,083,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Transportadora De Gas Sa Ord B by 174.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 180,256 shares of the energy company’s stock valued at $5,604,000 after acquiring an additional 114,588 shares in the last quarter. 3.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Bank of America restated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday. Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Transportadora De Gas Sa Ord B presently has an average rating of “Buy” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Price Performance

TGS opened at $33.09 on Friday. The business’s 50-day moving average is $31.05 and its two-hundred day moving average is $30.92. 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. The firm has a market capitalization of $4.98 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.15 and a beta of 0.61.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share (EPS) for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%.The company had revenue of $326.20 million for the quarter. Research analysts anticipate that Transportadora De Gas Sa Ord B will post 2.78 earnings per share for the current fiscal year.

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.