Meixler Investment Management Ltd. Makes New Investment in South Bow Co. (NYSE:SOBO)

Meixler Investment Management Ltd. bought a new stake in South Bow Co. (NYSE:SOBO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,964 shares of the company’s stock, valued at approximately $683,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Roxbury Financial LLC bought a new stake in shares of South Bow in the fourth quarter valued at approximately $29,000. Rhumbline Advisers bought a new stake in shares of South Bow in the fourth quarter valued at approximately $34,000. Van ECK Associates Corp bought a new stake in shares of South Bow in the fourth quarter valued at approximately $4,210,000. Miller Howard Investments Inc. NY bought a new position in South Bow in the fourth quarter worth $10,260,000. Finally, Triasima Portfolio Management inc. bought a new position in South Bow in the fourth quarter worth $803,000.

South Bow Trading Down 1.1 %

Shares of SOBO opened at $24.84 on Friday. South Bow Co. has a 1 year low of $21.12 and a 1 year high of $27.30. The stock’s 50-day moving average is $24.03.

Analyst Ratings Changes

Several brokerages recently commented on SOBO. Wells Fargo & Company cut South Bow from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 18th. US Capital Advisors raised South Bow to a “strong-buy” rating in a research report on Monday, October 28th. Scotiabank increased their price objective on South Bow from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday. Tudor Pickering upgraded South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, CIBC upgraded South Bow from a “neutral” rating to an “outperform” rating and raised their target price for the company from $23.00 to $25.00 in a research note on Thursday, January 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.50.

About South Bow

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.