Oaktree Capital Management LP increased its holdings in Transportadora de Gas del Sur SA ADR (NYSE:TGS) by 37.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 689,000 shares of the energy company’s stock after acquiring an additional 186,000 shares during the quarter. Oaktree Capital Management LP’s holdings in Transportadora de Gas del Sur were worth $9,066,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in TGS. LSV Asset Management bought a new position in shares of Transportadora de Gas del Sur in the fourth quarter valued at about $119,000. Eaton Vance Management raised its position in shares of Transportadora de Gas del Sur by 13.9% in the fourth quarter. Eaton Vance Management now owns 50,039 shares of the energy company’s stock valued at $751,000 after purchasing an additional 6,100 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Transportadora de Gas del Sur by 3.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 207,411 shares of the energy company’s stock valued at $3,111,000 after purchasing an additional 6,352 shares during the period. Northern Trust Corp raised its position in shares of Transportadora de Gas del Sur by 23.4% in the fourth quarter. Northern Trust Corp now owns 42,117 shares of the energy company’s stock valued at $632,000 after purchasing an additional 7,981 shares during the period. Finally, Newfoundland Capital Management raised its position in shares of Transportadora de Gas del Sur by 11.7% in the fourth quarter. Newfoundland Capital Management now owns 556,789 shares of the energy company’s stock valued at $8,352,000 after purchasing an additional 58,356 shares during the period. 9.05% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on TGS. Santander raised shares of Transportadora de Gas del Sur from a “hold” rating to a “buy” rating in a research report on Tuesday, February 26th. Zacks Investment Research lowered shares of Transportadora de Gas del Sur from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, ValuEngine lowered shares of Transportadora de Gas del Sur from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 4th.

NYSE:TGS traded up $0.04 during mid-day trading on Friday, reaching $14.79. 302,323 shares of the company’s stock were exchanged, compared to its average volume of 1,160,037. Transportadora de Gas del Sur SA ADR has a one year low of $8.81 and a one year high of $17.78. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 6.60 and a beta of 0.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.01 and a current ratio of 3.04.

Transportadora de Gas del Sur (NYSE:TGS) last released its quarterly earnings results on Friday, May 10th. The energy company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. Transportadora de Gas del Sur had a net margin of 33.04% and a return on equity of 55.91%. The business had revenue of $277.30 million for the quarter. Sell-side analysts anticipate that Transportadora de Gas del Sur SA ADR will post 1.36 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2019/06/16/transportadora-de-gas-del-sur-sa-adr-nysetgs-shares-bought-by-oaktree-capital-management-lp.html.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

See Also: Buy Rating

Want to see what other hedge funds are holding TGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Transportadora de Gas del Sur SA ADR (NYSE:TGS).

Institutional Ownership by Quarter for Transportadora de Gas del Sur (NYSE:TGS)

Receive News & Ratings for Transportadora de Gas del Sur Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transportadora de Gas del Sur and related companies with MarketBeat.com's FREE daily email newsletter.