ABS Direct Equity Fund LLC Buys Shares of 52,093 Transportadora De Gas Sa Ord B $TGS

Key Points

• ABS Direct Equity Fund LLC bought a new stake of 52,093 shares of Transportadora De Gas (NYSE:TGS) in Q4, worth about $1.62 million, making it the fund’s 19th-largest holding (~1.9% of its portfolio).
• TGS reported Q4 EPS of $0.57 on revenue of $326.2 million and trades with a market cap of $4.64 billion and a P/E of 14.66; analysts have a consensus rating of “Moderate Buy” with an average price target of $39.50.
• Several other institutions have recently added or increased positions (notably BNP Paribas, OLD National, NewEdge, Crocodile Capital and Systrade), but overall hedge fund and institutional ownership remains low at about 3.29%.

ABS Direct Equity Fund LLC bought a new stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 52,093 shares of the energy company's stock, valued at approximately $1,620,000. Transportadora De Gas Sa Ord B comprises about 1.9% of ABS Direct Equity Fund LLC's holdings, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in shares of Transportadora De Gas Sa Ord B by 1,027.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company's stock worth $176,000 after acquiring an additional 7,646 shares during the last quarter. OLD National Bancorp IN bought a new position in Transportadora De Gas Sa Ord B in the 4th quarter valued at $277,000. NewEdge Advisors LLC increased its stake in Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock worth $322,000 after purchasing an additional 2,725 shares during the period. Crocodile Capital Partners GmbH purchased a new stake in Transportadora De Gas Sa Ord B in the fourth quarter worth $777,000. Finally, Systrade AG bought a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth $777,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

Transportadora De Gas Sa Ord B Stock Up 1.1%

Shares of NYSE:TGS opened at $30.80 on Thursday. The business's 50 day moving average is $31.68 and its 200 day moving average is $30.35. The stock has a market cap of $4.64 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76. Transportadora De Gas Sa Ord B has a 52-week low of $19.74 and a 52-week high of $36.35. The company has a quick ratio of 4.98, a current ratio of 5.00 and a debt-to-equity ratio of 0.47.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last issued its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 13.68% and a net margin of 24.28%.The business had revenue of $326.20 million during the quarter. Sell-side analysts predict that Transportadora De Gas Sa Ord B will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

TGS has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Sunday, March 15th. Zacks Research lowered shares of Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Transportadora De Gas Sa Ord B presently has a consensus rating of "Moderate Buy" and an average price target of $39.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.