Mackenzie Financial Corp Purchases New Position in Transportadora de Gas del Sur S.A. (NYSE:TGS)

Mackenzie Financial Corp purchased a new stake in Transportadora de Gas del Sur S.A. (NYSE:TGS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,000 shares of the energy company’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGS. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Transportadora de Gas del Sur in the 3rd quarter valued at $25,000. Blue Trust Inc. purchased a new stake in Transportadora de Gas del Sur in the fourth quarter valued at $41,000. FNY Investment Advisers LLC acquired a new position in Transportadora de Gas del Sur in the fourth quarter valued at $73,000. Cable Hill Partners LLC purchased a new position in shares of Transportadora de Gas del Sur during the third quarter worth about $102,000. Finally, Jump Financial LLC acquired a new stake in shares of Transportadora de Gas del Sur during the third quarter worth about $183,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

Transportadora de Gas del Sur Trading Up 4.2 %

NYSE TGS opened at $16.81 on Monday. Transportadora de Gas del Sur S.A. has a one year low of $9.50 and a one year high of $19.95. The firm has a market cap of $2.53 billion, a PE ratio of 60.04 and a beta of 0.71. The firm’s fifty day moving average is $14.76 and its two-hundred day moving average is $13.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.49 and a current ratio of 3.56.

Transportadora de Gas del Sur (NYSE:TGS) last issued its quarterly earnings results on Monday, March 4th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.40). Transportadora de Gas del Sur had a net margin of 4.16% and a return on equity of 1.88%. The company had revenue of $249.63 million during the quarter, compared to analyst estimates of $227.09 million. Analysts expect that Transportadora de Gas del Sur S.A. will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com downgraded Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th. TheStreet upgraded shares of Transportadora de Gas del Sur from a “c” rating to a “b-” rating in a research report on Tuesday, January 2nd.

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; Other Services; and Telecommunications.