Ping Capital Management Inc. Has $1.52 Million Stock Position in Transportadora De Gas Sa Ord B $TGS

Ping Capital Management Inc. lifted its position in Transportadora De Gas Sa Ord B (NYSE:TGS) by 7.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 58,500 shares of the energy company’s stock after purchasing an additional 4,300 shares during the period. Transportadora De Gas Sa Ord B makes up about 0.4% of Ping Capital Management Inc.’s holdings, making the stock its 25th largest holding. Ping Capital Management Inc.’s holdings in Transportadora De Gas Sa Ord B were worth $1,515,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TGS. Fourth Sail Capital LP acquired a new position in Transportadora De Gas Sa Ord B during the 1st quarter valued at $4,887,000. Millennium Management LLC raised its stake in Transportadora De Gas Sa Ord B by 787.5% during the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after purchasing an additional 127,702 shares during the last quarter. GAMMA Investing LLC raised its stake in Transportadora De Gas Sa Ord B by 2,908.9% during the 1st quarter. GAMMA Investing LLC now owns 94,780 shares of the energy company’s stock valued at $2,508,000 after purchasing an additional 91,630 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Transportadora De Gas Sa Ord B during the 1st quarter valued at $2,341,000. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in Transportadora De Gas Sa Ord B by 241.6% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 115,420 shares of the energy company’s stock valued at $3,054,000 after purchasing an additional 81,629 shares during the last quarter. 3.29% of the stock is currently owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Trading Up 1.9%

Shares of TGS stock opened at $20.73 on Friday. Transportadora De Gas Sa Ord B has a 52-week low of $18.53 and a 52-week high of $34.37. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 9.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.31 and a current ratio of 3.35. The firm has a fifty day moving average of $25.59 and a 200-day moving average of $26.59.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $40.00.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.