ABS Direct Equity Fund LLC Decreases Stake in Transportadora de Gas del Sur S.A. (NYSE:TGS)

ABS Direct Equity Fund LLC cut its holdings in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS - Free Report) by 35.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,669 shares of the energy company's stock after selling 33,163 shares during the period. Transportadora de Gas del Sur accounts for 2.0% of ABS Direct Equity Fund LLC's portfolio, making the stock its 20th biggest position. ABS Direct Equity Fund LLC's holdings in Transportadora de Gas del Sur were worth $1,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in Transportadora de Gas del Sur by 24.4% in the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company's stock worth $154,000 after purchasing an additional 1,036 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Transportadora de Gas del Sur by 118.8% in the fourth quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company's stock worth $92,000 after buying an additional 1,710 shares during the period. Virtu Financial LLC purchased a new stake in Transportadora de Gas del Sur in the third quarter worth about $190,000. TT International Asset Management LTD grew its holdings in shares of Transportadora de Gas del Sur by 17.3% during the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company's stock worth $23,462,000 after acquiring an additional 188,268 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Transportadora de Gas del Sur during the 3rd quarter worth approximately $349,000. Institutional investors own 3.29% of the company's stock.

Transportadora de Gas del Sur Stock Down 3.3 %

Shares of NYSE:TGS traded down $0.97 during midday trading on Friday, reaching $28.38. The company's stock had a trading volume of 176,215 shares, compared to its average volume of 394,827. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $29.53 and a 200-day moving average of $23.57. The firm has a market capitalization of $4.27 billion, a P/E ratio of 26.28 and a beta of 0.80. Transportadora de Gas del Sur S.A. has a 12-month low of $11.81 and a 12-month high of $34.37.

Transportadora de Gas del Sur (NYSE:TGS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The energy company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. Transportadora de Gas del Sur had a net margin of 15.46% and a return on equity of 7.31%. The business had revenue of $272.48 million for the quarter, compared to analysts' expectations of $321.45 million. On average, research analysts anticipate that Transportadora de Gas del Sur S.A. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Transportadora de Gas del Sur from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 6th.

Transportadora de Gas del Sur 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.