ABS Direct Equity Fund LLC Buys 21,788 Shares of Transportadora De Gas Sa Ord B $TGS

ABS Direct Equity Fund LLC boosted its stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 41.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,881 shares of the energy company’s stock after purchasing an additional 21,788 shares during the quarter. Transportadora De Gas Sa Ord B accounts for approximately 2.0% of ABS Direct Equity Fund LLC’s holdings, making the stock its 16th biggest position. ABS Direct Equity Fund LLC’s holdings in Transportadora De Gas Sa Ord B were worth $2,557,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TGS. Fifth Third Bancorp increased its stake in Transportadora De Gas Sa Ord B by 116.0% during the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after acquiring an additional 890 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the first quarter valued at $210,000. Invesco Ltd. bought a new position in Transportadora De Gas Sa Ord B in the fourth quarter worth $255,000. Vident Advisory LLC bought a new position in Transportadora De Gas Sa Ord B in the fourth quarter worth $234,000. Finally, XTX Topco Ltd bought a new position in Transportadora De Gas Sa Ord B in the fourth quarter worth $728,000. 3.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Zacks Research cut shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 18th. Wall Street Zen raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Bank of America reissued a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Stock Down 0.2%

NYSE TGS opened at $30.41 on Monday. The firm has a market cap of $4.58 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 1.07 and a beta of 0.63. Transportadora De Gas Sa Ord B has a one year low of $19.74 and a one year high of $36.35. The stock’s 50 day simple moving average is $30.38 and its 200 day simple moving average is $30.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08.

Transportadora De Gas Sa Ord B Company Profile

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.