Capstone Investment Advisors LLC Purchases Shares of 30,076 Tecnoglass Inc. (NASDAQ:TGLS)

Capstone Investment Advisors LLC purchased a new stake in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 30,076 shares of the company's stock, valued at approximately $1,375,000. Capstone Investment Advisors LLC owned about 0.06% of Tecnoglass as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in Tecnoglass by 84.6% in the 3rd quarter. American Century Companies Inc. now owns 2,105,685 shares of the company's stock valued at $69,403,000 after acquiring an additional 965,316 shares during the last quarter. Cooke & Bieler LP increased its holdings in shares of Tecnoglass by 35.8% in the 4th quarter. Cooke & Bieler LP now owns 1,300,179 shares of the company's stock worth $59,431,000 after buying an additional 342,451 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Tecnoglass by 58.8% in the 4th quarter. Victory Capital Management Inc. now owns 815,756 shares of the company's stock worth $37,288,000 after buying an additional 302,163 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tecnoglass by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 732,736 shares of the company's stock worth $33,495,000 after buying an additional 37,091 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its holdings in shares of Tecnoglass by 169.7% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 420,310 shares of the company's stock worth $13,853,000 after buying an additional 264,475 shares during the last quarter. 37.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Sidoti downgraded shares of Tecnoglass from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $56.00 to $59.00 in a report on Wednesday, May 1st. DA Davidson restated a "buy" rating and issued a $50.00 target price on shares of Tecnoglass in a report on Monday, March 4th. Robert W. Baird reduced their target price on shares of Tecnoglass from $65.00 to $64.00 and set an "outperform" rating on the stock in a report on Tuesday, May 7th. Stifel Nicolaus downgraded shares of Tecnoglass from a "buy" rating to a "hold" rating and cut their price target for the company from $48.00 to $45.00 in a report on Wednesday, February 14th. Finally, B. Riley reiterated a "buy" rating and set a $60.00 price target (down from $65.00) on shares of Tecnoglass in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.83.

Tecnoglass Trading Up 0.8 %

Tecnoglass stock traded up $0.43 during trading hours on Thursday, hitting $51.96. The company had a trading volume of 290,482 shares, compared to its average volume of 344,596. The firm has a market cap of $2.44 billion, a P/E ratio of 14.95 and a beta of 1.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.72 and a current ratio of 2.33. Tecnoglass Inc. has a 1 year low of $28.21 and a 1 year high of $59.76. The company has a 50-day moving average price of $54.62 and a two-hundred day moving average price of $47.01.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $192.09 million during the quarter, compared to analysts' expectations of $191.04 million. Tecnoglass had a net margin of 19.97% and a return on equity of 31.85%. Tecnoglass's quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. On average, sell-side analysts anticipate that Tecnoglass Inc. will post 3.37 earnings per share for the current year.

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.

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