American Century Companies Inc. Sells 94,918 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

American Century Companies Inc. reduced its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 728,375 shares of the company's stock after selling 94,918 shares during the quarter. American Century Companies Inc. owned 1.55% of Tecnoglass worth $57,775,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC boosted its position in shares of Tecnoglass by 32.6% in the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after purchasing an additional 221 shares during the period. one8zero8 LLC purchased a new stake in Tecnoglass during the fourth quarter worth $8,021,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Tecnoglass during the 4th quarter valued at $976,000. Lisanti Capital Growth LLC raised its holdings in shares of Tecnoglass by 58.2% in the fourth quarter. Lisanti Capital Growth LLC now owns 43,595 shares of the company's stock worth $3,458,000 after buying an additional 16,040 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Tecnoglass in the 4th quarter worth approximately $4,344,000. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Tecnoglass Price Performance

Shares of TGLS traded down $1.18 during trading hours on Friday, reaching $70.76. The company had a trading volume of 247,040 shares, compared to its average volume of 368,020. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 22.11 and a beta of 1.94. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month high of $86.99. The firm has a 50 day simple moving average of $73.84 and a 200-day simple moving average of $74.61.

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Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. Tecnoglass's payout ratio is currently 17.49%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Tecnoglass in a research note on Saturday, December 14th. They issued a "hold" rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $77.40.

Tecnoglass Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.