Cubist Systematic Strategies LLC Invests $3.46 Million in Pampa Energia S.A. $PAM

Key Points

• Cubist Systematic Strategies LLC acquired 44,820 shares of Pampa Energia S.A. valued at approximately $3.46 million, increasing ownership to around 0.08% by the end of the quarter.
• A total of 12.77% of Pampa Energia's stock is owned by hedge funds and institutional investors, with several firms recently increasing their stakes in the company.
• Pampa Energia recently reported $0.70 earnings per share, significantly missing analysts' expectations of $2.35, contributing to a consensus rating of "Hold" among analysts.

Cubist Systematic Strategies LLC purchased a new stake in Pampa Energia S.A. (NYSE:PAM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 44,820 shares of the utilities provider's stock, valued at approximately $3,460,000. Cubist Systematic Strategies LLC owned about 0.08% of Pampa Energia at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PAM. Advisors Preferred LLC increased its position in Pampa Energia by 158.9% in the 1st quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock valued at $58,000 after buying an additional 448 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Pampa Energia by 0.6% in the 4th quarter. Two Sigma Investments LP now owns 80,034 shares of the utilities provider's stock worth $7,038,000 after buying an additional 473 shares during the last quarter. LWM Advisory Services LLC boosted its stake in shares of Pampa Energia by 11.7% in the 1st quarter. LWM Advisory Services LLC now owns 5,291 shares of the utilities provider's stock worth $408,000 after buying an additional 555 shares during the last quarter. Townsquare Capital LLC grew its position in Pampa Energia by 6.5% during the first quarter. Townsquare Capital LLC now owns 14,397 shares of the utilities provider's stock valued at $1,111,000 after buying an additional 878 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Pampa Energia by 19.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,044 shares of the utilities provider's stock valued at $544,000 after buying an additional 1,129 shares during the period. 12.77% of the stock is owned by institutional investors.

Pampa Energia Stock Down 16.7%

Shares of NYSE:PAM traded down $11.34 during trading on Monday, hitting $56.63. The stock had a trading volume of 1,936,753 shares, compared to its average volume of 245,216. 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 firm's fifty day moving average is $71.70 and its 200 day moving average is $74.43. Pampa Energia S.A. has a 12 month low of $55.36 and a 12 month high of $97.55. The company has a market capitalization of $3.71 billion, a PE ratio of 6.98, a PEG ratio of 4.39 and a beta of 1.16.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on PAM. Citigroup increased their target price on Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen lowered Pampa Energia from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Zacks Research upgraded Pampa Energia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $85.83.

Pampa Energia Company Profile

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.