Tecnoglass Inc. (NASDAQ:TGLS) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 183,400 shares of the company's stock after purchasing an additional 13,803 shares during the period. Charles Schwab Investment Management Inc. owned about 0.39% of Tecnoglass worth $12,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ensign Peak Advisors Inc lifted its position in shares of Tecnoglass by 219.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 218,189 shares of the company's stock valued at $10,949,000 after buying an additional 149,933 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Tecnoglass by 8.7% in the second quarter. William Blair Investment Management LLC now owns 1,754,892 shares of the company's stock worth $88,060,000 after purchasing an additional 140,112 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Tecnoglass by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 884,527 shares of the company's stock worth $44,385,000 after purchasing an additional 96,602 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Tecnoglass during the 2nd quarter valued at $3,929,000. Finally, Impax Asset Management Group plc lifted its stake in shares of Tecnoglass by 65.0% during the 3rd quarter. Impax Asset Management Group plc now owns 165,000 shares of the company's stock valued at $11,329,000 after buying an additional 65,000 shares in the last quarter. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Trading Down 0.9 %

Shares of TGLS stock traded down $0.73 on Monday, reaching $82.52. 186,147 shares of the company's stock were exchanged, compared to its average volume of 362,687. The company's fifty day simple moving average is $74.22 and its 200 day simple moving average is $61.73. The stock has a market capitalization of $3.88 billion, a PE ratio of 26.02 and a beta of 1.89. 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 52 week low of $38.60 and a 52 week high of $84.18.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.11. The firm had revenue of $237.90 million during the quarter, compared to analyst estimates of $240.19 million. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. Tecnoglass's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, analysts forecast that Tecnoglass Inc. will post 3.55 EPS for the current year.

Wall Street Analyst Weigh In

TGLS has been the subject of several research analyst reports. DA Davidson increased their target price on Tecnoglass from $65.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. StockNews.com assumed coverage on shares of Tecnoglass in a report on Friday. They set a "hold" rating for the company. Sidoti lowered Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price objective for the company. in a research report on Tuesday, October 22nd. Raymond James downgraded Tecnoglass from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird increased their price objective on shares of Tecnoglass from $85.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $77.40.

Insider Activity

In other news, major shareholder Holding Corp Energy sold 1,432,120 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total transaction of $104,573,402.40. Following the sale, the insider now owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julio A. Torres sold 30,520 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total transaction of $2,222,771.60. The disclosure for this sale can be found here. Company insiders own 0.25% of the company's stock.

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.