Ping Capital Management Inc. Raises Stake in Transportadora de Gas del Sur S.A. (NYSE:TGS)

Ping Capital Management Inc. grew its stake in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,800 shares of the energy company’s stock after buying an additional 1,800 shares during the quarter. Transportadora de Gas del Sur accounts for approximately 0.3% of Ping Capital Management Inc.’s portfolio, making the stock its 22nd largest holding. Ping Capital Management Inc.’s holdings in Transportadora de Gas del Sur were worth $1,136,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. TT International Asset Management LTD grew its holdings in shares of Transportadora de Gas del Sur by 17.3% in 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 purchasing an additional 188,268 shares during the last quarter. Jane Street Group LLC purchased a new position in Transportadora de Gas del Sur during the 3rd quarter valued at about $481,000. XTX Topco Ltd bought a new stake in Transportadora de Gas del Sur in the third quarter valued at $349,000. Centiva Capital LP purchased a new position in Transportadora de Gas del Sur during the 3rd quarter valued at $251,000. Finally, Virtu Financial LLC bought a new position in Transportadora de Gas del Sur in the 3rd quarter worth $190,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

Transportadora de Gas del Sur Trading Up 1.5 %

Shares of NYSE TGS opened at $28.15 on Wednesday. Transportadora de Gas del Sur S.A. has a 1 year low of $11.81 and a 1 year high of $34.37. The firm has a 50-day moving average of $29.45 and a 200 day moving average of $23.88. The stock has a market cap of $4.24 billion, a P/E ratio of 26.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64.

Transportadora de Gas del Sur (NYSE:TGS) last released its earnings results on Monday, November 4th. The energy company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $272.48 million for the quarter, compared to analysts’ expectations of $321.45 million. Transportadora de Gas del Sur had a return on equity of 7.31% and a net margin of 15.46%. As a group, sell-side analysts expect that Transportadora de Gas del Sur S.A. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut 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 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.