Fmr LLC Has $429.31 Million Stake in Tecnoglass Inc. (NASDAQ:TGLS)

FMR LLC boosted its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 49.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,412,322 shares of the company's stock after acquiring an additional 1,785,602 shares during the period. FMR LLC owned approximately 11.52% of Tecnoglass worth $429,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its holdings in shares of Tecnoglass by 18.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock valued at $86,000 after purchasing an additional 170 shares in the last quarter. Signaturefd LLC raised its holdings in Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after buying an additional 221 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in Tecnoglass by 3.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,882 shares of the company's stock valued at $784,000 after buying an additional 286 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Tecnoglass in the fourth quarter valued at approximately $26,000. Finally, R Squared Ltd bought a new stake in shares of Tecnoglass during the fourth quarter worth $70,000. 37.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Tecnoglass in a research report 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $77.40.

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Tecnoglass Stock Up 3.0 %

TGLS traded up $2.05 during trading hours on Friday, hitting $71.06. 329,388 shares of the company's stock were exchanged, compared to its average volume of 367,205. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 22.21 and a beta of 1.66. Tecnoglass Inc. has a 1-year low of $40.94 and a 1-year high of $86.99. The stock's 50-day moving average is $70.93 and its two-hundred day moving average is $74.72. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20.

Tecnoglass Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, March 31st. Tecnoglass's payout ratio is 17.49%.

Tecnoglass Company 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.