Fractal Investments LLC Makes New $1.17 Million Investment in South Bow Co. (NYSE:SOBO)

Fractal Investments LLC acquired a new stake in South Bow Co. (NYSE:SOBO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 49,800 shares of the company’s stock, valued at approximately $1,174,000. South Bow accounts for approximately 0.2% of Fractal Investments LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other hedge funds have also modified their holdings of the stock. Mutual Advisors LLC bought a new stake in South Bow in the fourth quarter valued at $517,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in South Bow during the 4th quarter valued at about $6,787,000. Cibc World Market Inc. bought a new position in South Bow during the 4th quarter valued at about $47,533,000. Exchange Traded Concepts LLC acquired a new position in South Bow in the fourth quarter valued at about $5,427,000. Finally, apricus wealth LLC bought a new stake in South Bow during the fourth quarter worth about $1,404,000.

Analyst Ratings Changes

Several research analysts have recently commented on the company. US Capital Advisors raised South Bow to a “strong-buy” rating in a report on Monday, October 28th. TD Securities assumed coverage on South Bow in a research note on Wednesday, January 15th. They issued a “hold” rating on the stock. Wells Fargo & Company cut South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. CIBC raised South Bow from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Finally, Cibc World Mkts raised shares of South Bow to a “hold” rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

South Bow Stock Up 1.5 %

SOBO stock opened at $25.17 on Thursday. South Bow Co. has a twelve month low of $21.12 and a twelve month high of $27.30. The business’s fifty day moving average price is $24.09.

South Bow Profile

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.