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

Oaktree Capital Management LP reduced its holdings in Transportadora de Gas del Sur S.A. (NYSE:TGS) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 794,183 shares of the energy company’s stock after selling 129,000 shares during the quarter. Oaktree Capital Management LP owned about 0.53% of Transportadora de Gas del Sur worth $23,246,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TGS. TT International Asset Management LTD lifted its holdings 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 buying an additional 188,268 shares during the last quarter. William Blair Investment Management LLC bought a new position in Transportadora de Gas del Sur during the fourth quarter worth $5,246,000. Arrowstreet Capital Limited Partnership acquired a new position in Transportadora de Gas del Sur during the 4th quarter valued at $2,805,000. Jane Street Group LLC bought a new stake in Transportadora de Gas del Sur in the 3rd quarter valued at $481,000. Finally, XTX Topco Ltd acquired a new stake in Transportadora de Gas del Sur in the 3rd quarter worth $349,000. 3.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TGS has been the subject of several research reports. StockNews.com upgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Citigroup started coverage on Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price objective for the company.

Transportadora de Gas del Sur Trading Down 2.6 %

Shares of TGS stock 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. The firm has a fifty day moving average of $27.03 and a 200-day moving average of $25.97. Transportadora de Gas del Sur S.A. has a 52-week low of $14.16 and a 52-week high of $34.37. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 25.21 and a beta of 0.76.

About Transportadora de Gas del Sur

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.