Do Hedge Funds Love Transportadora de Gas del Sur SA (ADR) (TGS)?

With general bullishness amongst the heavyweights, specific money managers have jumped into Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) headfirst. Fortress Investment Group, managed by Michael Novogratz, established a position with $0.3 million invested in the company at the end of the quarter.Rima Senvest Management also initiated a $0.3 million position during the quarter.The only other fund with a new position in the stock is Bailard Inc.

Let’s now take a look at hedge fund activity in other stocks similar to Transportadora de Gas del Sur SA (ADR) (NYSE:TGS). These stocks are Cellcom Israel Ltd. (NYSE:CEL), AtriCure Inc. (NASDAQ:ATRC), Universal Health Realty Income Trust (NYSE:UHT), and Fox Factory Holding Corp (NASDAQ:FOXF). All of these stocks’ market caps match Transportadora de Gas del Sur SA (ADR) (NYSE:TGS)’s market cap.

As you can see, these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $47 million. That figure was $9 million in Transportadora de Gas del Sur SA (ADR) (NYSE:TGS)’s case. AtriCure Inc. (NASDAQ:ATRC) is the most popular stock in this table. On the other hand, Cellcom Israel Ltd. (NYSE:CEL) is the least popular one with only 5 bullish hedge fund positions. Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) has the same popularity like the Cellcom Israel Ltd. (NYSE:CEL), which means it has not attractted many investments. This doesn’t necessarily imply that it is not a good stock to buy, but it might only suggest that investors find it overvalued, because they are not considering bullish thesis. In either case, we think you should do further research before including it in your portfolio.