Transportadora De Gas Sa Ord B $TGS Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in Transportadora De Gas Sa Ord B by 44.7%, holding 23,375 shares now valued at $619,000.
• Institutional investors have shown increased interest, with Janney Montgomery Scott LLC acquiring a $443,000 stake and SG Americas Securities LLC investing approximately $740,000.
• Transportadora De Gas Sa Ord B has been rated as a "buy" by two analysts, with Citigroup raising the target price from $35.00 to $40.00.

Jump Financial LLC trimmed its holdings in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 44.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,375 shares of the energy company's stock after selling 18,896 shares during the quarter. Jump Financial LLC's holdings in Transportadora De Gas Sa Ord B were worth $619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Transportadora De Gas Sa Ord B by 67.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock worth $42,574,000 after buying an additional 583,991 shares during the period. TT International Asset Management LTD raised its holdings in shares of Transportadora De Gas Sa Ord B by 3.1% in the first quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock worth $32,484,000 after buying an additional 37,083 shares during the period. Balyasny Asset Management L.P. purchased a new position in Transportadora De Gas Sa Ord B during the 4th quarter worth $9,812,000. Fourth Sail Capital LP purchased a new position in Transportadora De Gas Sa Ord B during the 1st quarter worth $4,887,000. Finally, Brevan Howard Capital Management LP purchased a new position in Transportadora De Gas Sa Ord B during the 4th quarter worth $4,813,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on TGS. Citigroup raised their price objective on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Santander upgraded Transportadora De Gas Sa Ord B to an "outperform" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $40.00.

Transportadora De Gas Sa Ord B Stock Up 4.7%

Shares of NYSE:TGS traded up $1.19 on Thursday, reaching $26.66. The company had a trading volume of 459,913 shares, compared to its average volume of 348,543. Transportadora De Gas Sa Ord B has a 52-week low of $18.15 and a 52-week high of $34.37. The firm's 50 day simple moving average is $27.33 and its 200-day simple moving average is $27.15. The firm has a market capitalization of $4.01 billion, a PE ratio of 12.70 and a beta of 0.82. The company has a current ratio of 3.35, a quick ratio of 3.31 and a debt-to-equity ratio of 0.23.

Transportadora De Gas Sa Ord B Dividend Announcement

The business also recently declared a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were issued a $0.9279 dividend. The ex-dividend date was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio (DPR) is currently 44.29%.

About Transportadora De Gas Sa Ord B

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.