Meixler Investment Management Ltd. Takes Position in South Bow Co. (NYSE:SOBO)

Meixler Investment Management Ltd. acquired a new stake in South Bow Co. (NYSE:SOBO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,964 shares of the company's stock, valued at approximately $683,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Roxbury Financial LLC bought a new position in shares of South Bow in the 4th quarter valued at $29,000. Rhumbline Advisers acquired a new position in South Bow in the 4th quarter worth about $34,000. Manitou Investment Management Ltd. bought a new position in South Bow in the fourth quarter valued at about $40,000. Canal Insurance CO acquired a new stake in shares of South Bow during the fourth quarter valued at about $47,000. Finally, CENTRAL TRUST Co bought a new stake in shares of South Bow during the fourth quarter worth about $48,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SOBO shares. CIBC upgraded shares of South Bow from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Wells Fargo & Company downgraded shares of South Bow from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 18th. TD Securities started coverage on shares of South Bow in a research note on Wednesday, January 15th. They issued a "hold" rating on the stock. Morgan Stanley started coverage on South Bow in a report on Friday, October 25th. They issued an "underweight" rating for the company. Finally, US Capital Advisors raised South Bow to a "strong-buy" rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $25.50.

South Bow Trading Down 0.4 %

South Bow stock traded down $0.11 during trading hours on Wednesday, reaching $24.59. 242,995 shares of the company's stock were exchanged, compared to its average volume of 672,112. South Bow Co. has a twelve month low of $21.12 and a twelve month high of $27.30. The stock's 50 day moving average price is $24.05.

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.