Van Lanschot Kempen Investment Management N.V. Takes Position in Transportadora de Gas del Sur S.A. (NYSE:TGS)

Van Lanschot Kempen Investment Management N.V. purchased a new position in Transportadora de Gas del Sur S.A. (NYSE:TGS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 33,791 shares of the energy company's stock, valued at approximately $989,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Transportadora de Gas del Sur during the third quarter valued at approximately $481,000. Virtu Financial LLC purchased a new position in Transportadora de Gas del Sur in the 3rd quarter worth $190,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 1,710 shares during the last quarter. Blue Trust Inc. boosted its position in Transportadora de Gas del Sur by 24.4% during the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company's stock valued at $154,000 after buying an additional 1,036 shares during the period. Finally, Ping Capital Management Inc. grew its stake in shares of Transportadora de Gas del Sur by 4.9% during the fourth quarter. Ping Capital Management Inc. now owns 38,800 shares of the energy company's stock valued at $1,136,000 after buying an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 3.29% of the company's stock.

Transportadora de Gas del Sur Stock Performance

Transportadora de Gas del Sur stock opened at $26.74 on Wednesday. The firm has a 50-day moving average of $26.02 and a 200-day moving average of $26.62. The firm has a market cap of $4.03 billion, a P/E ratio of 24.76 and a beta of 0.62. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24. Transportadora de Gas del Sur S.A. has a 1-year low of $14.16 and a 1-year high of $34.37.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TGS. Citigroup initiated 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 on the stock. StockNews.com raised shares of Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.

About Transportadora de Gas del Sur

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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