GAMMA Investing LLC lifted its position in Tenaris S.A. (NYSE:TS – Free Report) by 140.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 939 shares of the industrial products company’s stock after buying an additional 548 shares during the quarter. GAMMA Investing LLC’s holdings in Tenaris were worth $35,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in TS. Cubist Systematic Strategies LLC raised its holdings in shares of Tenaris by 69.7% during the second quarter. Cubist Systematic Strategies LLC now owns 482,376 shares of the industrial products company’s stock worth $14,722,000 after acquiring an additional 198,128 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Tenaris in the 2nd quarter valued at $2,822,000. Mediolanum International Funds Ltd bought a new position in Tenaris during the third quarter valued at about $17,129,000. International Assets Investment Management LLC bought a new stake in shares of Tenaris during the 3rd quarter worth about $380,000. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Tenaris during the 3rd quarter valued at about $614,000. Institutional investors and hedge funds own 10.45% of the company’s stock.
Tenaris Stock Up 1.0 %
Shares of TS opened at $39.22 on Wednesday. Tenaris S.A. has a twelve month low of $27.24 and a twelve month high of $40.72. The company has a 50 day moving average of $37.85 and a 200-day moving average of $33.03. The stock has a market capitalization of $22.80 billion, a P/E ratio of 8.54 and a beta of 1.45.
Tenaris Cuts Dividend
Analysts Set New Price Targets
TS has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Tenaris from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $47.00 in a research report on Monday, December 9th. StockNews.com upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. Stifel Nicolaus decreased their price objective on Tenaris from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Piper Sandler started coverage on Tenaris in a research report on Thursday, December 19th. They set an “overweight” rating and a $48.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Tenaris presently has an average rating of “Moderate Buy” and an average target price of $42.75.
Check Out Our Latest Stock Analysis on TS
Tenaris Profile
Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.
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