ABS Direct Equity Fund LLC Buys 21,788 Shares of Transportadora De Gas Sa Ord B $TGS

ABS Direct Equity Fund LLC lifted its stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 41.8% during the first quarter, Holdings Channel.com reports. The firm owned 73,881 shares of the energy company’s stock after buying an additional 21,788 shares during the period. Transportadora De Gas Sa Ord B accounts for approximately 2.0% of ABS Direct Equity Fund LLC’s holdings, making the stock its 16th largest position. ABS Direct Equity Fund LLC’s holdings in Transportadora De Gas Sa Ord B were worth $2,557,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TGS. Fifth Third Bancorp increased its stake in shares of Transportadora De Gas Sa Ord B by 116.0% in the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after buying an additional 890 shares during the period. Van ECK Associates Corp raised its holdings in Transportadora De Gas Sa Ord B by 536.6% during the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock worth $135,000 after purchasing an additional 3,665 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Transportadora De Gas Sa Ord B during the 1st quarter valued at about $210,000. Uniplan Investment Counsel Inc. bought a new position in shares of Transportadora De Gas Sa Ord B in the 4th quarter valued at about $205,000. Finally, Vident Advisory LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the 4th quarter valued at about $234,000. 3.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TGS has been the subject of several analyst reports. Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research lowered shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Price Performance

Shares of TGS opened at $30.41 on Monday. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $36.35. The stock has a market cap of $4.58 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 1.07 and a beta of 0.63. The stock’s 50-day moving average price is $30.38 and its two-hundred day moving average price is $30.76.

Transportadora De Gas Sa Ord B Company Profile

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.