Janney Montgomery Scott LLC Increases Position in Transportadora De Gas Sa Ord B $TGS

Key Points

• Janney Montgomery Scott LLC increased its stake in Transportadora De Gas Sa Ord B by 77.4% during the 2nd quarter, now holding 29,721 shares valued at approximately $770,000.
• Several hedge funds, including GAMMA Investing LLC and Insigneo Advisory Services LLC, have also increased their holdings in Transportadora De Gas Sa Ord B, showing growing institutional interest in the company.
• The stock currently has a Moderate Buy rating from analysts, with an average target price of $40.00, despite a recent downgrade from a "buy" to a "hold" rating by some research firms.

Janney Montgomery Scott LLC increased its stake in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 77.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,721 shares of the energy company's stock after acquiring an additional 12,965 shares during the period. Janney Montgomery Scott LLC's holdings in Transportadora De Gas Sa Ord B were worth $770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Transportadora De Gas Sa Ord B by 13.7% in the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock worth $95,000 after purchasing an additional 432 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in Transportadora De Gas Sa Ord B by 55.2% in the first quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock worth $303,000 after purchasing an additional 4,071 shares during the last quarter. NewEdge Advisors LLC lifted 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 last quarter. Penserra Capital Management LLC bought a new stake in Transportadora De Gas Sa Ord B in the first quarter worth $611,000. Finally, Quantbot Technologies LP bought a new stake in Transportadora De Gas Sa Ord B in the first quarter worth $656,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS opened at $22.65 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.35 and a quick ratio of 3.31. Transportadora De Gas Sa Ord B has a one year low of $19.74 and a one year high of $34.37. The company has a 50-day simple moving average of $24.38 and a two-hundred day simple moving average of $26.27. The firm has a market capitalization of $3.41 billion, a PE ratio of 10.79 and a beta of 0.72.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.00.

Transportadora De Gas Sa Ord B Profile

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.

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