Cubist Systematic Strategies LLC Raises Holdings in Transportadora de Gas del Sur S.A. (NYSE:TGS)

Cubist Systematic Strategies LLC grew its position in shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) by 68.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,515 shares of the energy company’s stock after buying an additional 13,971 shares during the period. Cubist Systematic Strategies LLC’s holdings in Transportadora de Gas del Sur were worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at $2,805,000. Hood River Capital Management LLC purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at $644,000. Aquatic Capital Management LLC purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at $400,000. Balyasny Asset Management L.P. purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at $9,812,000. Finally, William Blair Investment Management LLC purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at $5,246,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora de Gas del Sur Stock Performance

NYSE:TGS opened at $29.69 on Wednesday. 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 firm has a market cap of $4.47 billion, a price-to-earnings ratio of 27.49 and a beta of 0.73. The business’s fifty day moving average is $26.09 and its 200 day moving average is $27.22.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TGS. Citigroup initiated coverage on Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They set a “buy” rating and a $35.00 price target on the stock. StockNews.com lowered Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research note on Monday.

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.