SPX Gestao de Recursos Ltda Buys 69,556 Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS)

SPX Gestao de Recursos Ltda grew its position in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) by 60.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,512 shares of the energy company’s stock after acquiring an additional 69,556 shares during the quarter. SPX Gestao de Recursos Ltda owned about 0.12% of Transportadora de Gas del Sur worth $3,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of TGS. Blue Trust Inc. bought a new stake in Transportadora de Gas del Sur in the 2nd quarter valued at about $41,000. BNP Paribas Financial Markets purchased a new position in Transportadora de Gas del Sur in the 1st quarter worth $62,000. Mackenzie Financial Corp lifted its stake in shares of Transportadora de Gas del Sur by 76.1% in the 2nd quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock valued at $474,000 after acquiring an additional 10,800 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new stake in shares of Transportadora de Gas del Sur during the second quarter valued at approximately $514,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in Transportadora de Gas del Sur by 30.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,200 shares of the energy company’s stock valued at $577,000 after buying an additional 9,000 shares during the period. Institutional investors and hedge funds own 3.29% of the company’s stock.

Transportadora de Gas del Sur Trading Down 2.9 %

Transportadora de Gas del Sur stock opened at $18.34 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.01. Transportadora de Gas del Sur S.A. has a 52-week low of $9.50 and a 52-week high of $21.94. The company has a market cap of $2.76 billion, a P/E ratio of 34.60 and a beta of 0.73. The business has a 50-day simple moving average of $19.08 and a two-hundred day simple moving average of $18.08.

Transportadora de Gas del Sur (NYSE:TGS) last released its earnings results on Monday, August 5th. The energy company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.10. Transportadora de Gas del Sur had a return on equity of 5.69% and a net margin of 12.02%. The firm had revenue of $298.68 million during the quarter, compared to analysts’ expectations of $379.90 million. Analysts predict that Transportadora de Gas del Sur S.A. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th.

Transportadora de Gas del Sur 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.