Campbell & CO Investment Adviser LLC Trims Stock Holdings in Transportadora De Gas Sa Ord B $TGS

Campbell & CO Investment Adviser LLC lowered its holdings in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 67.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,085 shares of the energy company’s stock after selling 20,801 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Transportadora De Gas Sa Ord B were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGS. Fourth Sail Capital LP grew its holdings in shares of Transportadora De Gas Sa Ord B by 37.1% in the second quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock worth $6,557,000 after purchasing an additional 68,465 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter valued at about $2,141,000. Janney Montgomery Scott LLC boosted its position in Transportadora De Gas Sa Ord B by 77.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 29,721 shares of the energy company’s stock valued at $770,000 after buying an additional 12,965 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Transportadora De Gas Sa Ord B in the 2nd quarter worth about $488,000. Finally, Encompass Capital Advisors LLC purchased a new position in shares of Transportadora De Gas Sa Ord B during the second quarter worth approximately $25,900,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Stock Up 0.5%

Shares of Transportadora De Gas Sa Ord B stock opened at $30.97 on Friday. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24. The company has a market cap of $4.66 billion, a P/E ratio of 13.52, a PEG ratio of 1.30 and a beta of 0.82. The firm’s 50 day moving average price is $30.57 and its 200-day moving average price is $27.46. Transportadora De Gas Sa Ord B has a 52-week low of $19.74 and a 52-week high of $33.70.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.50. The company had revenue of $309.14 million during the quarter, compared to the consensus estimate of $359.08 million. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. On average, sell-side analysts predict that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TGS. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday. Bank of America began coverage on shares of Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They set a “buy” rating and a $39.00 target price on the stock. Finally, Zacks Research upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Friday, December 26th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $39.50.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentina‐based midstream energy company principally engaged in the transportation, storage and processing of natural gas. Established in 1992 following the privatization of the state‐owned gas utility, TGS operates one of the country’s largest pipeline networks, carrying gas from production basins in the Neuquén and Golfo San Jorge regions to major consumption markets in Buenos Aires and beyond. The company’s infrastructure supports both domestic supply and export volumes bound for neighboring countries.

In addition to its core pipeline business, TGS maintains a significant gas processing division that extracts natural gas liquids (NGL) and produces liquefied petroleum gas (LPG) and other by‐products.