GAMMA Investing LLC Increases Stock Holdings in Transportadora de Gas del Sur S.A. (NYSE:TGS)

GAMMA Investing LLC increased its holdings in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) by 2,908.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 94,780 shares of the energy company’s stock after acquiring an additional 91,630 shares during the period. GAMMA Investing LLC’s holdings in Transportadora de Gas del Sur were worth $2,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Transportadora de Gas del Sur by 67.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company’s stock valued at $42,574,000 after buying an additional 583,991 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $9,812,000. William Blair Investment Management LLC purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $5,246,000. Brevan Howard Capital Management LP purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $4,813,000. Finally, Seldon Capital LP purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $3,771,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora de Gas del Sur Stock Up 1.5%

NYSE TGS opened at $28.92 on Friday. The business has a fifty day moving average price of $27.53 and a 200 day moving average price of $27.85. Transportadora de Gas del Sur S.A. has a one year low of $14.16 and a one year high of $34.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The company has a market cap of $4.35 billion, a P/E ratio of 26.78 and a beta of 0.72.

Analysts Set New Price Targets

TGS has been the topic of a number of recent analyst reports. Citigroup increased their target price on Transportadora de Gas del Sur from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, May 19th. Santander raised Transportadora de Gas del Sur to an “outperform” rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen downgraded Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 12th.

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.