Oaktree Capital Management LP cut its stake in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 794,183 shares of the energy company's stock after selling 129,000 shares during the quarter. Oaktree Capital Management LP owned approximately 0.53% of Transportadora de Gas del Sur worth $23,246,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new stake in Transportadora de Gas del Sur in the fourth quarter worth $2,805,000. William Blair Investment Management LLC acquired a new stake in shares of Transportadora de Gas del Sur in the 4th quarter worth about $5,246,000. Ping Capital Management Inc. increased its holdings in shares of Transportadora de Gas del Sur by 4.9% in the 4th quarter. Ping Capital Management Inc. now owns 38,800 shares of the energy company's stock worth $1,136,000 after acquiring an additional 1,800 shares during the period. Blue Trust Inc. lifted its position 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 valued at $154,000 after purchasing an additional 1,036 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Transportadora de Gas del Sur by 118.8% in the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company's stock worth $92,000 after purchasing an additional 1,710 shares during the last quarter. 3.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently weighed in on TGS. StockNews.com raised Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 19th. Citigroup assumed coverage on Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They set a "buy" rating and a $35.00 price target for the company.
Read Our Latest Stock Report on TGS
Transportadora de Gas del Sur Price Performance
Shares of NYSE:TGS traded down $0.95 during trading on Thursday, reaching $25.97. The company had a trading volume of 107,538 shares, compared to its average volume of 330,470. The firm's fifty day moving average is $26.88 and its 200 day moving average is $26.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The firm has a market capitalization of $3.91 billion, a PE ratio of 24.05 and a beta of 0.62. Transportadora de Gas del Sur S.A. has a twelve month low of $14.16 and a twelve month high of $34.37.
Transportadora de Gas del Sur Profile
(
Free Report)
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.
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