Janney Montgomery Scott LLC acquired a new stake in shares of Tenaris SA (NYSE:TS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,631 shares of the company’s stock, valued at approximately $205,000.
A number of other institutional investors also recently bought and sold shares of TS. Independent Portfolio Consultants Inc. boosted its stake in shares of Tenaris SA by 684.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,650 shares of the company’s stock worth $163,000 after buying an additional 4,930 shares during the period. Exane Derivatives boosted its stake in shares of Tenaris SA by 77.2% in the first quarter. Exane Derivatives now owns 7,197 shares of the company’s stock worth $178,000 after buying an additional 3,135 shares during the period. Avalon Advisors LLC acquired a new stake in shares of Tenaris SA during the first quarter worth approximately $201,000. First Trust Advisors LP acquired a new stake in shares of Tenaris SA during the second quarter worth approximately $203,000. Finally, Calvert Investment Management Inc. acquired a new stake in shares of Tenaris SA during the second quarter worth approximately $209,000.
Shares of Tenaris SA (NYSE:TS) traded down 3.37% on Tuesday, reaching $25.50. 3,301,129 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $27.57 and its 200-day moving average price is $26.66. The stock’s market capitalization is $15.05 billion. Tenaris SA has a 52 week low of $18.53 and a 52 week high of $29.89.
Tenaris SA (NYSE:TS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by $0.04. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company earned $0.06 EPS. The firm’s quarterly revenue was down 40.0% on a year-over-year basis. Equities analysts predict that Tenaris SA will post ($0.41) EPS for the current year.
A number of brokerages have recently commented on TS. Zacks Investment Research cut shares of Tenaris SA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. cut shares of Tenaris SA from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 20th. Finally, Raymond James Financial Inc. restated a “hold” rating on shares of Tenaris SA in a research report on Thursday, June 23rd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $29.33.
Tenaris SA Company Profile
Tenaris SA is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes.
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