MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $42.57 Million Position in Transportadora de Gas del Sur S.A. (NYSE:TGS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Transportadora de Gas del Sur S.A. (NYSE:TGS) by 67.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,454,524 shares of the energy company’s stock after acquiring an additional 583,991 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Transportadora de Gas del Sur were worth $42,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC raised its position in shares of Transportadora de Gas del Sur by 68.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 34,515 shares of the energy company’s stock worth $1,010,000 after acquiring an additional 13,971 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth about $4,813,000. Balyasny Asset Management L.P. bought a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth about $9,812,000. Bank of America Corp DE raised its position in shares of Transportadora de Gas del Sur by 339.0% in the 4th quarter. Bank of America Corp DE now owns 14,585 shares of the energy company’s stock worth $427,000 after acquiring an additional 11,263 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Transportadora de Gas del Sur by 101.7% in the 4th quarter. Jane Street Group LLC now owns 52,921 shares of the energy company’s stock worth $1,549,000 after acquiring an additional 26,684 shares in the last quarter. 3.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TGS shares. StockNews.com lowered Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Monday. Citigroup initiated coverage on Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They issued a “buy” rating and a $35.00 target price for the company.

Transportadora de Gas del Sur Stock Performance

Shares of Transportadora de Gas del Sur stock opened at $29.69 on Wednesday. Transportadora de Gas del Sur S.A. has a one year low of $14.16 and a one year high of $34.37. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 27.49 and a beta of 0.73. The business has a 50-day simple moving average of $26.09 and a 200 day simple moving average of $27.22. 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 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.