Quantbot Technologies LP Has $2.75 Million Stake in South Bow Corporation $SOBO

Quantbot Technologies LP lowered its holdings in South Bow Corporation (NYSE:SOBO) by 25.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,160 shares of the company’s stock after selling 32,391 shares during the quarter. Quantbot Technologies LP’s holdings in South Bow were worth $2,749,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SOBO. EverSource Wealth Advisors LLC increased its stake in shares of South Bow by 157.3% in the third quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock valued at $30,000 after buying an additional 645 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in South Bow by 1,993.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,340 shares of the company’s stock worth $35,000 after acquiring an additional 1,276 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in South Bow by 11,672.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 2,590 shares of the company’s stock worth $73,000 after acquiring an additional 2,568 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in South Bow in the 1st quarter valued at about $85,000. Finally, Mondrian Investment Partners LTD bought a new position in shares of South Bow in the third quarter worth about $102,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SOBO shares. Wolfe Research cut shares of South Bow from a “peer perform” rating to an “underperform” rating and set a $24.00 price target on the stock. in a research note on Wednesday, January 14th. Scotiabank reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of South Bow in a report on Friday, January 16th. UBS Group initiated coverage on South Bow in a research report on Thursday, December 11th. They issued a “neutral” rating on the stock. BMO Capital Markets restated a “market perform” rating on shares of South Bow in a research report on Monday, November 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of South Bow in a report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.00.

South Bow Stock Up 0.7%

Shares of South Bow stock opened at $33.09 on Wednesday. The business has a fifty day simple moving average of $28.67 and a 200 day simple moving average of $27.80. The stock has a market cap of $6.89 billion, a PE ratio of 20.81 and a beta of 0.29. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 2.19. South Bow Corporation has a 12 month low of $21.16 and a 12 month high of $33.23.

About South Bow

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.