TT International Asset Management LTD Has $19.62 Million Stock Holdings in Transportadora De Gas Sa Ord B $TGS

TT International Asset Management LTD trimmed its position in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 932,714 shares of the energy company’s stock after selling 61,220 shares during the quarter. Transportadora De Gas Sa Ord B makes up about 2.7% of TT International Asset Management LTD’s portfolio, making the stock its 10th biggest position. TT International Asset Management LTD’s holdings in Transportadora De Gas Sa Ord B were worth $19,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGS. Fourth Sail Capital LP boosted its position in shares of Transportadora De Gas Sa Ord B by 37.1% during the second quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock valued at $6,557,000 after buying an additional 68,465 shares during the period. Banco BTG Pactual S.A. bought a new stake in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $2,141,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Transportadora De Gas Sa Ord B by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,490,547 shares of the energy company’s stock valued at $39,440,000 after acquiring an additional 36,023 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Transportadora De Gas Sa Ord B in the 2nd quarter valued at $488,000. Finally, Janney Montgomery Scott LLC increased its stake in Transportadora De Gas Sa Ord B by 77.4% in the second quarter. Janney Montgomery Scott LLC now owns 29,721 shares of the energy company’s stock worth $770,000 after purchasing an additional 12,965 shares during the period. 3.29% of the stock is owned by hedge funds and other institutional investors.

Transportadora De Gas Sa Ord B Stock Down 0.6%

Shares of TGS stock opened at $31.63 on Tuesday. The stock’s fifty day moving average price is $28.25 and its 200 day moving average price is $26.88. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $34.37. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.50. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%.The business had revenue of $309.14 million for the quarter, compared to analyst estimates of $359.08 million. On average, research analysts expect that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TGS has been the topic of several research reports. Bank of America began coverage on Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They set a “buy” rating and a $39.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Wednesday, December 10th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.50.

About Transportadora De Gas Sa Ord B

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.