Catalyst Capital Advisors LLC Takes Position in South Bow Co. (NYSE:SOBO)

Catalyst Capital Advisors LLC purchased a new stake in shares of South Bow Co. (NYSE:SOBO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 210,379 shares of the company’s stock, valued at approximately $4,959,000.

Other institutional investors have also recently made changes to their positions in the company. Roxbury Financial LLC purchased a new stake in shares of South Bow during the 4th quarter valued at approximately $29,000. Rhumbline Advisers purchased a new stake in shares of South Bow during the 4th quarter valued at approximately $34,000. Manitou Investment Management Ltd. purchased a new stake in shares of South Bow during the 4th quarter valued at approximately $40,000. Canal Insurance CO acquired a new stake in South Bow in the 4th quarter valued at approximately $47,000. Finally, CENTRAL TRUST Co acquired a new stake in South Bow in the 4th quarter valued at approximately $48,000.

South Bow Price Performance

Shares of SOBO stock opened at $24.84 on Monday. The stock’s fifty day moving average price is $24.03. South Bow Co. has a 12 month low of $21.12 and a 12 month high of $27.30.

Wall Street Analysts Forecast Growth

SOBO has been the subject of several research reports. US Capital Advisors upgraded shares of South Bow to a “strong-buy” rating in a research note on Monday, October 28th. Tudor Pickering upgraded shares of South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company downgraded shares of South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. Morgan Stanley initiated coverage on shares of South Bow in a research note on Friday, October 25th. They issued an “underweight” rating for the company. Finally, Scotiabank boosted their price target on shares of South Bow from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.50.

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.