Turim 21 Investimentos Ltda. Invests $514,000 in Transportadora de Gas del Sur S.A. (NYSE:TGS)

Turim 21 Investimentos Ltda. bought a new stake in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 27,072 shares of the energy company’s stock, valued at approximately $514,000. Transportadora de Gas del Sur comprises approximately 0.1% of Turim 21 Investimentos Ltda.’s investment portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also recently bought and sold shares of TGS. Jump Financial LLC lifted its stake in shares of Transportadora de Gas del Sur by 8.9% in the fourth quarter. Jump Financial LLC now owns 19,600 shares of the energy company’s stock valued at $296,000 after buying an additional 1,600 shares during the period. Helikon Investments Ltd bought a new stake in shares of Transportadora de Gas del Sur in the 1st quarter worth approximately $3,329,000. BNP Paribas Financial Markets acquired a new stake in shares of Transportadora de Gas del Sur during the 1st quarter worth approximately $62,000. Quadrature Capital Ltd increased its position in shares of Transportadora de Gas del Sur by 101.9% during the first quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock valued at $1,141,000 after purchasing an additional 38,123 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its position in Transportadora de Gas del Sur by 30.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 38,200 shares of the energy company’s stock worth $577,000 after purchasing an additional 9,000 shares during the period. 3.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Transportadora de Gas del Sur Price Performance

Shares of TGS stock opened at $20.47 on Monday. The stock’s fifty day simple moving average is $18.79 and its 200 day simple moving average is $17.77. Transportadora de Gas del Sur S.A. has a one year low of $9.50 and a one year high of $21.94. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 38.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.05 and a quick ratio of 1.04.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Monday, August 5th. The energy company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. The company had revenue of $298.68 million for the quarter, compared to the consensus estimate of $379.90 million. Transportadora de Gas del Sur had a net margin of 12.02% and a return on equity of 5.69%. On average, analysts expect that Transportadora de Gas del Sur S.A. will post 0.74 earnings per share for the current fiscal 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; Midstream; and Telecommunications.