Catalyst Capital Advisors LLC Buys Shares of 210,379 South Bow Co. (NYSE:SOBO)

Catalyst Capital Advisors LLC bought a new stake in shares of South Bow Co. (NYSE:SOBO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 210,379 shares of the company's stock, valued at approximately $4,959,000. Catalyst Capital Advisors LLC owned approximately 0.10% of South Bow at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Roxbury Financial LLC purchased a new position in South Bow during the fourth quarter valued at approximately $29,000. Rhumbline Advisers acquired a new stake in shares of South Bow in the fourth quarter worth about $34,000. Manitou Investment Management Ltd. bought a new stake in shares of South Bow during the 4th quarter worth about $40,000. Canal Insurance CO acquired a new position in shares of South Bow during the 4th quarter valued at about $47,000. Finally, CENTRAL TRUST Co bought a new position in shares of South Bow in the 4th quarter valued at approximately $48,000.

South Bow Price Performance

SOBO stock traded up $0.84 during midday trading on Thursday, reaching $25.53. 483,482 shares of the company's stock traded hands, compared to its average volume of 670,863. The business has a 50-day moving average of $24.09. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.30.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut shares of South Bow from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 18th. Morgan Stanley began coverage on South Bow in a research report on Friday, October 25th. They issued an "underweight" rating for the company. TD Securities assumed coverage on South Bow in a research note on Wednesday, January 15th. They issued a "hold" rating for the company. Tudor Pickering raised shares of South Bow to a "strong-buy" rating in a report on Tuesday, November 19th. Finally, Scotiabank upped their target price on shares of South Bow from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $25.50.

South Bow Profile

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.