Tenaris S A (TS) Holder Arosa Capital Management LP Cut Its Holding as Market Value Declined

Tenaris S.A. (NYSE:TS) Logo

Arosa Capital Management Lp decreased its stake in Tenaris S A (TS) by 55.27% based on its latest 2018Q2 regulatory filing with the SEC. Arosa Capital Management Lp sold 768,302 shares as the company’s stock declined 12.25% while stock markets rallied. The institutional investor held 621,698 shares of the steel and iron ore company at the end of 2018Q2, valued at $22.62 million, down from 1.39 million at the end of the previous reported quarter. Arosa Capital Management Lp who had been investing in Tenaris S A for a number of months, seems to be less bullish one the $13.33 billion market cap company. The stock decreased 2.48% or $0.58 during the last trading session, reaching $22.85. About 3.65M shares traded or 64.43% up from the average. Tenaris S.A. (NYSE:TS) has risen 14.40% since December 8, 2017 and is uptrending. It has underperformed by 1.22% the S&P500.

Arosa Capital Management Lp, which manages about $456.37 million and $765.43M US Long portfolio, upped its stake in Eqt Corp (NYSE:EQT) by 68,423 shares to 129,198 shares, valued at $7.13 million in 2018Q2, according to the filing. It also increased its holding in Hess Corp (NYSE:HES) by 299,781 shares in the quarter, for a total of 441,535 shares, and has risen its stake in Marathon Pete Corp (NYSE:MPC).

Analysts await Tenaris S.A. (NYSE:TS) to report earnings on February, 20. They expect $0.42 earnings per share, up 55.56 % or $0.15 from last year’s $0.27 per share. TS’s profit will be $245.09 million for 13.60 P/E if the $0.42 EPS becomes a reality. After $0.42 actual earnings per share 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: Businesswire.com which released: “Glancy Prongay & Murray LLP Announces Investigation on Behalf of Tenaris S.A. Investors (TS) – Business Wire” on December 03, 2018, also Globenewswire.com with their article: “ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Tenaris SA and Encourages Investors with Losses in Excess of $100000 to Contact the Firm – GlobeNewswire” published on December 03, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Tenaris, SA (TS) – GlobeNewswire” on November 29, 2018. More interesting news about Tenaris S.A. (NYSE:TS) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tenaris SA – TS – GlobeNewswire” published on December 03, 2018 as well as Globenewswire.com‘s news article titled: “Investor Expectations to Drive Momentum within Netflix, Werner Enterprises, Universal Forest Products, Sonic, Tenaris SA, and World Acceptance — Discovering Underlying Factors of Influence – GlobeNewswire” with publication date: November 29, 2018.

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

Among 4 analysts covering Tenaris (NYSE:TS), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tenaris had 4 analyst reports since June 14, 2018 according to SRatingsIntel. Bank of America upgraded the stock to “Buy” rating in Tuesday, September 25 report.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.