ABS Direct Equity Fund LLC Sells 33,163 Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS)

ABS Direct Equity Fund LLC trimmed its position in Transportadora de Gas del Sur S.A. (NYSE:TGS) by 35.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 59,669 shares of the energy company’s stock after selling 33,163 shares during the quarter. Transportadora de Gas del Sur makes up 2.0% of ABS Direct Equity Fund LLC’s portfolio, making the stock its 20th biggest position. ABS Direct Equity Fund LLC’s holdings in Transportadora de Gas del Sur were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Transportadora de Gas del Sur by 101.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock valued at $26,000 after purchasing an additional 725 shares during the last quarter. Blue Trust Inc. raised its stake in Transportadora de Gas del Sur by 24.4% during the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after acquiring an additional 1,036 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Transportadora de Gas del Sur in the third quarter worth about $190,000. Mackenzie Financial Corp grew its holdings in shares of Transportadora de Gas del Sur by 76.1% during the 2nd quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock valued at $474,000 after purchasing an additional 10,800 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Transportadora de Gas del Sur during the 3rd quarter worth approximately $251,000. 3.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th.

Transportadora de Gas del Sur Price Performance

Transportadora de Gas del Sur stock opened at $27.47 on Tuesday. The stock has a 50-day moving average price of $29.55 and a two-hundred day moving average price of $23.43. Transportadora de Gas del Sur S.A. has a 12 month low of $11.81 and a 12 month high of $34.37. The company has a market capitalization of $4.13 billion, a PE ratio of 25.43 and a beta of 0.80. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24.

Transportadora de Gas del Sur (NYSE:TGS) last posted its earnings results on Monday, November 4th. The energy company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Transportadora de Gas del Sur had a net margin of 15.46% and a return on equity of 7.31%. The business had revenue of $272.48 million for the quarter, compared to the consensus estimate of $321.45 million. Analysts expect that Transportadora de Gas del Sur S.A. will post 0.52 EPS for the current year.

About Transportadora de Gas del Sur

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.