ABS Direct Equity Fund LLC Sells 33,163 Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS)

ABS Direct Equity Fund LLC decreased its holdings in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) by 35.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,669 shares of the energy company’s stock after selling 33,163 shares during the quarter. Transportadora de Gas del Sur makes up about 2.0% of ABS Direct Equity Fund LLC’s holdings, making the stock its 20th biggest position. ABS Direct Equity Fund LLC’s holdings in Transportadora de Gas del Sur were worth $1,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TGS. TT International Asset Management LTD grew its stake in Transportadora de Gas del Sur by 17.3% in the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock valued at $23,462,000 after buying an additional 188,268 shares during the last quarter. SPX Gestao de Recursos Ltda grew its holdings in shares of Transportadora de Gas del Sur by 60.0% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock worth $3,521,000 after purchasing an additional 69,556 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Transportadora de Gas del Sur in the third quarter valued at approximately $481,000. XTX Topco Ltd bought a new stake in shares of Transportadora de Gas del Sur during the third quarter worth $349,000. Finally, Centiva Capital LP bought a new position in shares of Transportadora de Gas del Sur in the third quarter worth about $251,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th.

Transportadora de Gas del Sur Price Performance

Shares of TGS opened at $27.47 on Tuesday. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. Transportadora de Gas del Sur S.A. has a twelve month low of $11.81 and a twelve month high of $34.37. The company has a 50 day moving average of $29.55 and a 200-day moving average of $23.43. The stock has a market capitalization of $4.13 billion, a P/E ratio of 25.43 and a beta of 0.80.

Transportadora de Gas del Sur (NYSE:TGS) last released its quarterly earnings data on Monday, November 4th. The energy company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Transportadora de Gas del Sur had a return on equity of 7.31% and a net margin of 15.46%. The firm had revenue of $272.48 million for the quarter, compared to analyst estimates of $321.45 million. As a group, equities research analysts forecast that Transportadora de Gas del Sur S.A. will post 0.52 EPS for the current fiscal year.

Transportadora de Gas del Sur 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.