Glenorchy Capital Ltd Buys Shares of 47,499 Transportadora de Gas del Sur S.A. (NYSE:TGS)

Glenorchy Capital Ltd purchased a new position in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 47,499 shares of the energy company’s stock, valued at approximately $717,000.

A number of other hedge funds have also made changes to their positions in TGS. Mirae Asset Global Investments Co. Ltd. grew its holdings in Transportadora de Gas del Sur by 3.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 219,928 shares of the energy company’s stock valued at $2,239,000 after purchasing an additional 6,787 shares during the last quarter. Cable Hill Partners LLC acquired a new position in Transportadora de Gas del Sur during the 3rd quarter worth $102,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Transportadora de Gas del Sur during the third quarter valued at about $25,000. Trium Capital LLP grew its position in shares of Transportadora de Gas del Sur by 29.6% in the third quarter. Trium Capital LLP now owns 134,608 shares of the energy company’s stock valued at $1,370,000 after purchasing an additional 30,735 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Transportadora de Gas del Sur in the 3rd quarter worth approximately $183,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TGS. TheStreet upgraded shares of Transportadora de Gas del Sur from a “c” rating to a “b-” rating in a research note on Tuesday, January 2nd. StockNews.com lowered shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 28th.

Transportadora de Gas del Sur Stock Performance

Shares of TGS stock traded down $0.42 during mid-day trading on Tuesday, reaching $16.57. The stock had a trading volume of 268,183 shares, compared to its average volume of 256,990. Transportadora de Gas del Sur S.A. has a one year low of $9.50 and a one year high of $19.95. The company has a quick ratio of 3.49, a current ratio of 3.56 and a debt-to-equity ratio of 0.48. The firm’s 50 day simple moving average is $14.53 and its 200 day simple moving average is $13.68. The firm has a market cap of $2.49 billion, a PE ratio of 59.18 and a beta of 0.71.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Monday, March 4th. The energy company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.40). Transportadora de Gas del Sur had a net margin of 4.16% and a return on equity of 1.88%. The business had revenue of $249.63 million for the quarter, compared to analyst estimates of $227.09 million. On average, analysts forecast that Transportadora de Gas del Sur S.A. will post 0.07 EPS for the current year.

Transportadora de Gas del Sur 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; Other Services; and Telecommunications.