Meixler Investment Management Ltd. Takes Position in South Bow Co. (NYSE:SOBO)

Meixler Investment Management Ltd. acquired a new stake in shares of South Bow Co. (NYSE:SOBO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 28,964 shares of the company’s stock, valued at approximately $683,000.

Several other institutional investors have also modified their holdings of the business. Hennessy Advisors Inc. acquired a new stake in South Bow in the 4th quarter valued at approximately $276,000. Nexus Investment Management ULC acquired a new stake in South Bow in the 4th quarter valued at approximately $2,810,000. MassMutual Private Wealth & Trust FSB acquired a new stake in South Bow in the 4th quarter valued at approximately $213,000. Viking Fund Management LLC acquired a new stake in South Bow in the 4th quarter valued at approximately $740,000. Finally, Mutual Advisors LLC acquired a new stake in South Bow in the 4th quarter valued at approximately $517,000.

South Bow Trading Down 1.1 %

SOBO stock opened at $24.84 on Friday. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.30. The business’s 50 day simple moving average is $24.03.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SOBO. Tudor Pickering raised South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lowered South Bow from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 18th. US Capital Advisors raised South Bow to a “strong-buy” rating in a research report on Monday, October 28th. CIBC raised South Bow from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $23.00 to $25.00 in a research report on Thursday, January 9th. Finally, Scotiabank boosted their price target on South Bow from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, South Bow currently has an average rating of “Hold” and a consensus target price of $25.50.

About South Bow

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.