Oaktree Capital Management LP Sells 129,000 Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS)

Oaktree Capital Management LP decreased its stake in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) by 14.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 794,183 shares of the energy company’s stock after selling 129,000 shares during the period. Oaktree Capital Management LP’s holdings in Transportadora de Gas del Sur were worth $23,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TGS. TT International Asset Management LTD raised its position in shares of Transportadora de Gas del Sur by 17.3% during the third quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock worth $23,462,000 after acquiring an additional 188,268 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Transportadora de Gas del Sur during the 4th quarter worth about $5,246,000. Arrowstreet Capital Limited Partnership acquired a new position in Transportadora de Gas del Sur during the 4th quarter valued at about $2,805,000. Ping Capital Management Inc. grew its position in shares of Transportadora de Gas del Sur by 4.9% during the 4th quarter. Ping Capital Management Inc. now owns 38,800 shares of the energy company’s stock worth $1,136,000 after buying an additional 1,800 shares during the period. Finally, Jane Street Group LLC acquired a new position in Transportadora de Gas del Sur in the third quarter valued at approximately $481,000. Institutional investors own 3.29% of the company’s stock.

Transportadora de Gas del Sur Price Performance

NYSE TGS opened at $27.22 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. Transportadora de Gas del Sur S.A. has a 52-week low of $14.16 and a 52-week high of $34.37. The business has a 50 day simple moving average of $27.03 and a 200 day simple moving average of $25.97. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 25.21 and a beta of 0.76.

Wall Street Analysts Forecast Growth

TGS has been the topic of a number of recent analyst reports. Citigroup initiated coverage on Transportadora de Gas del Sur in a report on Wednesday, February 12th. They set a “buy” rating and a $35.00 target price on the stock. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

Transportadora de Gas del Sur Company 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.