Titan Global Capital Management USA LLC Acquires New Stake in Pampa Energia S.A. $PAM

Key Points

• Titan Global Capital Management USA LLC has acquired a new position in Pampa Energia S.A., purchasing 10,002 shares valued at around $772,000 during the first quarter.
• Wall Street analysts have recently upgraded the stock's ratings, with one firm raising it from "hold" to "buy," and Citigroup increasing the target price from $88.00 to $92.00.
• Pampa Energia reported a miss in quarterly earnings, with an EPS of $0.70 compared to the consensus estimate of $2.35, amidst a revenue of $486 million versus an expected $632 million.

Titan Global Capital Management USA LLC purchased a new position in Pampa Energia S.A. (NYSE:PAM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,002 shares of the utilities provider's stock, valued at approximately $772,000.

A number of other hedge funds also recently made changes to their positions in the company. TT International Asset Management LTD boosted its stake in shares of Pampa Energia by 9.4% in the first quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock valued at $101,868,000 after purchasing an additional 112,934 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Pampa Energia by 58.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,375 shares of the utilities provider's stock valued at $44,706,000 after buying an additional 188,114 shares during the last quarter. Helikon Investments Ltd grew its stake in shares of Pampa Energia by 11.2% during the first quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock valued at $38,027,000 after acquiring an additional 49,709 shares in the last quarter. Brevan Howard Capital Management LP grew its stake in shares of Pampa Energia by 27.0% during the fourth quarter. Brevan Howard Capital Management LP now owns 258,348 shares of the utilities provider's stock valued at $22,786,000 after acquiring an additional 54,923 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Pampa Energia by 7,143.8% during the first quarter. GAMMA Investing LLC now owns 178,486 shares of the utilities provider's stock worth $13,779,000 after acquiring an additional 176,022 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company's stock.

Pampa Energia Stock Performance

PAM stock traded down $0.76 during mid-day trading on Wednesday, reaching $67.09. The company had a trading volume of 159,131 shares, compared to its average volume of 233,489. Pampa Energia S.A. has a one year low of $50.47 and a one year high of $97.55. The stock has a market capitalization of $3.66 billion, a P/E ratio of 8.24, a P/E/G ratio of 4.28 and a beta of 1.15. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The stock's 50-day simple moving average is $72.61 and its two-hundred day simple moving average is $75.36.

Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $2.35 by ($1.65). The firm had revenue of $486.00 million during the quarter, compared to the consensus estimate of $632.05 million. Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. Research analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PAM. Zacks Research raised shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Citigroup raised their price objective on shares of Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Finally, Wall Street Zen upgraded Pampa Energia from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $85.83.

About Pampa Energia

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.