Egerton Capital Uk Llp Cut Tenaris S A (TS) Position by $35.47 Million; Share Price Rose

Tenaris S.A. (NYSE:TS) Logo

Egerton Capital Uk Llp decreased its stake in Tenaris S A (TS) by 18.33% based on its latest 2018Q4 regulatory filing with the SEC. Egerton Capital Uk Llp sold 1.69 million shares as the company’s stock rose 5.25% with the market. The hedge fund held 7.53 million shares of the steel and iron ore company at the end of 2018Q4, valued at $160.49M, down from 9.22 million at the end of the previous reported quarter. Egerton Capital Uk Llp who had been investing in Tenaris S A for a number of months, seems to be less bullish one the $16.23 billion market cap company. The stock decreased 0.39% or $0.11 during the last trading session, reaching $27.81. About 2.51 million shares traded or 21.83% up from the average. Tenaris S.A. (NYSE:TS) has declined 25.43% since May 17, 2018 and is downtrending. It has underperformed by 29.80% the S&P500.

Egerton Capital Uk Llp, which manages about $14.07B and $12.02 billion US Long portfolio, upped its stake in Transunion by 1.17M shares to 4.58 million shares, valued at $260.22 million in 2018Q4, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 1.07 million shares in the quarter, for a total of 8.83M shares, and has risen its stake in Unitedhealth Group Inc (NYSE:UNH).

Analysts await Tenaris S.A. (NYSE:TS) to report earnings on August, 7. They expect $0.41 EPS, up 41.38 % or $0.12 from last year’s $0.29 per share. TS’s profit will be $239.20 million for 16.96 P/E if the $0.41 EPS becomes a reality. After $0.41 actual EPS reported by Tenaris S.A. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Tenaris S.A. (NYSE:TS) news were published by: Globenewswire.com which released: “Tenaris Announces 2019 First Quarter Results NYSE:TS – GlobeNewswire” on May 02, 2019, also Fortune.com with their article: “Early Uber Investor on What’s Next for the Company Post-IPO – Fortune” published on May 10, 2019, Seekingalpha.com published: “Tenaris S.A. 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” on May 03, 2019. More interesting news about Tenaris S.A. (NYSE:TS) were released by: Seekingalpha.com and their article: “Tenaris’ (TS) CEO Paolo Rocca on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” published on May 04, 2019 as well as Seekingalpha.com‘s news article titled: “4 Reasons AT&T’s Streaming Plans May Disappoint Investors – Seeking Alpha” with publication date: May 07, 2019.

Tenaris S.A. (NYSE:TS) Ratings Coverage

Among 4 analysts covering Tenaris (NYSE:TS), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Tenaris had 8 analyst reports since December 7, 2018 according to SRatingsIntel. Barclays Capital maintained the shares of TS in report on Monday, February 25 with “Buy” rating. As per Friday, March 1, the company rating was maintained by Morgan Stanley. The firm earned “Neutral” rating on Friday, December 7 by UBS. The company was upgraded on Friday, January 18 by Citigroup.

Tenaris S.A. (NYSE:TS) Ratings Chart

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