Fourth Sail Capital LP Cuts Stock Position in Transportadora De Gas Sa Ord B $TGS

Fourth Sail Capital LP cut its holdings in Transportadora De Gas Sa Ord B (NYSE:TGS) by 68.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 191,630 shares of the energy company’s stock after selling 423,261 shares during the quarter. Transportadora De Gas Sa Ord B accounts for approximately 1.0% of Fourth Sail Capital LP’s investment portfolio, making the stock its 27th largest position. Fourth Sail Capital LP owned 0.13% of Transportadora De Gas Sa Ord B worth $5,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TGS. Millennium Management LLC grew its holdings in shares of Transportadora De Gas Sa Ord B by 787.5% in the first 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 in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after purchasing an additional 2,725 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Transportadora De Gas Sa Ord B by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock valued at $2,954,000 after purchasing an additional 4,347 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Transportadora De Gas Sa Ord B by 11.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company’s stock worth $4,723,000 after buying an additional 18,009 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Transportadora De Gas Sa Ord B by 22.4% in the second quarter. Marshall Wace LLP now owns 117,680 shares of the energy company’s stock worth $3,048,000 after buying an additional 21,520 shares during the last quarter. 3.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TGS. Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Bank of America restated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Transportadora De Gas Sa Ord B has a consensus rating of “Buy” and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Stock Down 0.8%

NYSE:TGS opened at $33.09 on Friday. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $36.35. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.15 and a beta of 0.61. The stock has a fifty day simple moving average of $31.05 and a 200-day simple moving average of $30.92. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share 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 business had revenue of $326.20 million during the quarter. Analysts anticipate that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current year.

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.