Global X MANAGEMENT CO LLC Has $5.61 Million Stake in Pampa Energia S.A. (PAM)
Global X MANAGEMENT CO LLC reduced its holdings in shares of Pampa Energia S.A. (NYSE:PAM) by 15.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 86,122 shares of the utilities provider’s stock after selling 15,230 shares during the period. Global X MANAGEMENT CO LLC owned about 0.12% of Pampa Energia worth $5,607,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Creative Planning lifted its stake in shares of Pampa Energia by 32.1% during the 2nd quarter. Creative Planning now owns 1,850 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 450 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Pampa Energia by 10.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,500 shares of the utilities provider’s stock worth $324,000 after purchasing an additional 500 shares during the period. Fisher Asset Management LLC increased its holdings in Pampa Energia by 12.6% during the 3rd quarter. Fisher Asset Management LLC now owns 10,698 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 1,198 shares during the period. Parkwood LLC increased its holdings in Pampa Energia by 19.3% during the 2nd quarter. Parkwood LLC now owns 12,760 shares of the utilities provider’s stock worth $751,000 after purchasing an additional 2,060 shares during the period. Finally, Alpine Global Management LLC increased its holdings in Pampa Energia by 29.3% during the 2nd quarter. Alpine Global Management LLC now owns 9,553 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 2,166 shares during the period. 44.92% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. ValuEngine downgraded Pampa Energia from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Morgan Stanley assumed coverage on Pampa Energia in a report on Tuesday, September 19th. They set an “equal weight” rating and a $69.00 price objective on the stock. Finally, BidaskClub downgraded Pampa Energia from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $72.00.
Shares of Pampa Energia S.A. (PAM) traded down $3.01 during trading hours on Monday, hitting $63.82. The stock had a trading volume of 100,700 shares, compared to its average volume of 296,593. Pampa Energia S.A. has a twelve month low of $30.60 and a twelve month high of $71.39. The stock has a market cap of $4,688.22, a P/E ratio of 44.32 and a beta of 1.19. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.26 and a quick ratio of 1.09.
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About Pampa Energia
Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.
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