William Blair Investment Management LLC Buys Shares of 179,225 Transportadora de Gas del Sur S.A. (NYSE:TGS)

William Blair Investment Management LLC purchased a new position in Transportadora de Gas del Sur S.A. (NYSE:TGS) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 179,225 shares of the energy company’s stock, valued at approximately $5,246,000.

A number of other hedge funds have also recently made changes to their positions in TGS. GAMMA Investing LLC raised its holdings in Transportadora de Gas del Sur by 118.8% in the fourth quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock worth $92,000 after purchasing an additional 1,710 shares in the last quarter. Blue Trust Inc. grew its position in shares of Transportadora de Gas del Sur by 24.4% in the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after buying an additional 1,036 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Transportadora de Gas del Sur during the 3rd quarter worth approximately $190,000. Centiva Capital LP purchased a new stake in Transportadora de Gas del Sur during the third quarter valued at approximately $251,000. Finally, XTX Topco Ltd acquired a new stake in Transportadora de Gas del Sur in the third quarter valued at approximately $349,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TGS. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Citigroup started coverage on Transportadora de Gas del Sur in a report on Wednesday, February 12th. They set a “buy” rating and a $35.00 target price for the company.

Transportadora de Gas del Sur Price Performance

NYSE:TGS opened at $27.08 on Thursday. The firm’s fifty day moving average is $27.38 and its two-hundred day moving average is $25.60. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 25.08 and a beta of 0.76. 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 one year low of $13.45 and a one year high of $34.37.

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.