Fractal Investments LLC Invests $1.17 Million in South Bow Co. (NYSE:SOBO)

Fractal Investments LLC purchased a new stake in South Bow Co. (NYSE:SOBO) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 49,800 shares of the company’s stock, valued at approximately $1,174,000. South Bow comprises 0.2% of Fractal Investments LLC’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of SOBO. Manitou Investment Management Ltd. acquired a new stake in South Bow in the fourth quarter worth $40,000. Canal Insurance CO acquired a new position in shares of South Bow in the 4th quarter valued at approximately $47,000. CENTRAL TRUST Co acquired a new stake in South Bow during the 4th quarter worth approximately $48,000. YANKCOM Partnership bought a new position in South Bow in the fourth quarter valued at approximately $57,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in shares of South Bow in the fourth quarter valued at approximately $213,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Morgan Stanley began coverage on shares of South Bow in a research report on Friday, October 25th. They issued an “underweight” rating on the stock. Cibc World Mkts upgraded South Bow to a “hold” rating in a report on Friday, October 11th. Tudor Pickering upgraded South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Scotiabank upgraded shares of South Bow to a “hold” rating in a research note on Friday, December 27th. Finally, TD Securities started coverage on South Bow in a research report on Wednesday, January 15th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.00.

South Bow Stock Up 1.5 %

NYSE:SOBO opened at $25.17 on Thursday. The business’s 50 day moving average price is $24.09. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.30.

South Bow Company Profile

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.