Tenaris S.A. (TS) Stake Increased by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in shares of Tenaris S.A. (NYSE:TS) by 17.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 605,199 shares of the industrial products company’s stock after acquiring an additional 91,191 shares during the period. Calamos Advisors LLC owned about 0.10% of Tenaris worth $17,133,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Tenaris by 1,187.5% during the first quarter. JPMorgan Chase & Co. now owns 6,502 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 5,997 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Tenaris by 15.0% during the second quarter. D.A. Davidson & CO. now owns 7,742 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 1,011 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Tenaris during the first quarter worth about $251,000. Airain ltd bought a new position in shares of Tenaris during the second quarter worth about $264,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Tenaris by 7.2% during the second quarter. BNP Paribas Arbitrage SA now owns 8,793 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 593 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

Shares of Tenaris S.A. (NYSE:TS) traded up 0.74% during trading on Tuesday, reaching $27.31. 387,175 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $27.69 and a 200-day moving average price of $29.64. The company has a market capitalization of $16.12 billion, a PE ratio of 48.77 and a beta of 0.66. Tenaris S.A. has a 52-week low of $25.91 and a 52-week high of $37.21.

Several brokerages have recently commented on TS. Cowen and Company set a $28.00 price target on shares of Tenaris and gave the stock a “hold” rating in a research report on Friday, October 6th. BidaskClub cut shares of Tenaris from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Berenberg Bank reaffirmed a “hold” rating and set a $30.00 price target on shares of Tenaris in a research report on Monday, August 7th. Scotiabank set a $40.00 price target on shares of Tenaris and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Tenaris has an average rating of “Hold” and an average target price of $35.61.

COPYRIGHT VIOLATION NOTICE: “Tenaris S.A. (TS) Stake Increased by Calamos Advisors LLC” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.com-unik.info/2017/10/31/tenaris-s-a-ts-stake-increased-by-calamos-advisors-llc.html.

Tenaris Profile

Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.

Want to see what other hedge funds are holding TS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenaris S.A. (NYSE:TS).

Institutional Ownership by Quarter for Tenaris (NYSE:TS)

What are top analysts saying about Tenaris S.A.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tenaris S.A. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit