Transportadora De Gas Sa Ord B $TGS Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. significantly reduced its stake in Transportadora De Gas Sa Ord B by 69.3%, reducing its ownership to 16,030 shares worth $424,000.
• During the first quarter, other institutional investors, such as Millennium Management LLC and GAMMA Investing LLC, increased their stakes dramatically, with increases of 787.5% and 2,908.9%, respectively.
• Wall Street Zen downgraded Transportadora De Gas Sa Ord B's rating from "buy" to "hold," while the consensus price target remains at $40.00.

Goldman Sachs Group Inc. trimmed its holdings in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 69.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,030 shares of the energy company's stock after selling 36,217 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Transportadora De Gas Sa Ord B were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of TGS. Fourth Sail Capital LP acquired a new stake in Transportadora De Gas Sa Ord B in the 1st quarter valued at about $4,887,000. Millennium Management LLC lifted its stake in Transportadora De Gas Sa Ord B by 787.5% during the first quarter. Millennium Management LLC now owns 143,919 shares of the energy company's stock valued at $3,808,000 after buying an additional 127,702 shares in the last quarter. GAMMA Investing LLC lifted its stake in Transportadora De Gas Sa Ord B by 2,908.9% during the first quarter. GAMMA Investing LLC now owns 94,780 shares of the energy company's stock valued at $2,508,000 after buying an additional 91,630 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Transportadora De Gas Sa Ord B during the first quarter valued at about $2,341,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in Transportadora De Gas Sa Ord B by 241.6% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 115,420 shares of the energy company's stock valued at $3,054,000 after buying an additional 81,629 shares in the last quarter. 3.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, 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 Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $40.00.

Transportadora De Gas Sa Ord B Trading Down 3.0%

NYSE:TGS opened at $21.95 on Friday. The stock's 50 day moving average price is $26.01 and its 200 day moving average price is $26.75. Transportadora De Gas Sa Ord B has a 52 week low of $18.15 and a 52 week high of $34.37. The company has a market capitalization of $3.30 billion, a P/E ratio of 10.45 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.31 and a current ratio of 3.35.

Transportadora De Gas Sa Ord B Company 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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