Transportadora De Gas Sa Ord B $TGS Holdings Raised by Fourth Sail Capital LP

Fourth Sail Capital LP boosted its stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 37.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 253,168 shares of the energy company’s stock after purchasing an additional 68,465 shares during the quarter. Transportadora De Gas Sa Ord B accounts for about 1.4% of Fourth Sail Capital LP’s holdings, making the stock its 24th biggest position. Fourth Sail Capital LP’s holdings in Transportadora De Gas Sa Ord B were worth $6,557,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Millennium Management LLC lifted its position in shares of Transportadora De Gas Sa Ord B by 787.5% in the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after acquiring an additional 127,702 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Transportadora De Gas Sa Ord B during the 1st quarter valued at about $2,341,000. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Transportadora De Gas Sa Ord B by 241.6% in 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Transportadora De Gas Sa Ord B by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,490,547 shares of the energy company’s stock valued at $39,440,000 after buying an additional 36,023 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Transportadora De Gas Sa Ord B in the first quarter valued at approximately $656,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TGS shares. Bank of America initiated coverage on Transportadora De Gas Sa Ord B in a research report on Friday, October 31st. They issued a “buy” rating and a $39.00 price target for the company. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Stock Down 2.3%

TGS stock opened at $28.56 on Monday. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $34.37. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24. The company has a market cap of $4.30 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80. The business’s 50-day simple moving average is $24.03 and its 200 day simple moving average is $26.47.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its earnings results on Monday, November 3rd. The energy company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.06 by $0.50. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%.The company had revenue of $316.00 million for the quarter, compared to analysts’ expectations of $359.08 million. On average, research analysts anticipate that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

Transportadora De Gas Sa Ord B Company Profile

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.