TT International Asset Management LTD Sells 545,459 Shares of Transportadora De Gas Sa Ord B $TGS

Key Points

• TT International Asset Management LTD trimmed its stake in Transportadora de Gas del Sur (NYSE:TGS) by 58.5%, selling 545,459 shares in Q4 and now holds 387,255 shares (about 0.26% of the company) valued at roughly $12.0M.
• Analysts have grown more cautious—Wall Street Zen and Zacks downgraded TGS to "hold"—but the consensus remains a Moderate Buy with a target price of $39.50.
• TGS reported quarterly EPS of $0.57 on $326.2M revenue, has a market cap of about $4.97B and a P/E of 15.73, and trades within a 52-week range of $19.74 to $36.35.

TT International Asset Management LTD trimmed its holdings in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 58.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 387,255 shares of the energy company's stock after selling 545,459 shares during the period. Transportadora De Gas Sa Ord B comprises about 2.5% of TT International Asset Management LTD's holdings, making the stock its 17th largest position. TT International Asset Management LTD owned approximately 0.26% of Transportadora De Gas Sa Ord B worth $12,011,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Systrade AG bought a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at $777,000. Crocodile Capital Partners GmbH bought a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at $777,000. Moneda S.A. Administradora General de Fondos bought a new position in shares of Transportadora De Gas Sa Ord B in the third quarter valued at $3,418,000. Banco BTG Pactual S.A. lifted its stake in shares of Transportadora De Gas Sa Ord B by 143.2% in the third quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company's stock valued at $4,227,000 after buying an additional 118,357 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Transportadora De Gas Sa Ord B by 2,997.4% during the third quarter. UBS Group AG now owns 135,637 shares of the energy company's stock valued at $2,852,000 after purchasing an additional 131,258 shares in the last quarter. 3.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

TGS has been the topic 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 report 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 research report on Monday, January 26th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS stock opened at $33.04 on Friday. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35. The firm's 50-day simple moving average is $31.35 and its two-hundred day simple moving average is $29.49.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last announced its quarterly earnings data on Saturday, February 14th. The energy company reported $0.57 EPS for the quarter. The business had revenue of $326.20 million for the quarter. Transportadora De Gas Sa Ord B had a net margin of 24.28% and a return on equity of 14.05%. As a group, equities analysts forecast that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

About Transportadora De Gas Sa Ord B

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.

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