Renaissance Group LLC trimmed its position in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 28.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,621 shares of the company's stock after selling 45,447 shares during the period. Renaissance Group LLC owned approximately 0.24% of Tecnoglass worth $9,012,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Tecnoglass by 8.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,400 shares of the company's stock valued at $12,592,000 after purchasing an additional 13,803 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Tecnoglass by 74.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,097 shares of the company's stock worth $968,000 after buying an additional 6,005 shares during the last quarter. Walleye Capital LLC boosted its stake in Tecnoglass by 19.4% in the third quarter. Walleye Capital LLC now owns 7,075 shares of the company's stock valued at $486,000 after buying an additional 1,149 shares in the last quarter. Janus Henderson Group PLC grew its position in Tecnoglass by 4.3% in the third quarter. Janus Henderson Group PLC now owns 60,886 shares of the company's stock valued at $4,180,000 after acquiring an additional 2,515 shares during the last quarter. Finally, State Street Corp raised its stake in Tecnoglass by 29.1% during the third quarter. State Street Corp now owns 416,964 shares of the company's stock worth $28,674,000 after acquiring an additional 93,968 shares in the last quarter. 37.35% of the stock is currently owned by institutional investors and hedge funds.
Tecnoglass Price Performance
TGLS traded up $2.05 on Friday, reaching $71.06. The stock had a trading volume of 329,388 shares, compared to its average volume of 367,426. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 22.21 and a beta of 1.66. Tecnoglass Inc. has a fifty-two week low of $40.94 and a fifty-two week high of $86.99. The firm has a 50-day moving average of $70.93 and a 200-day moving average of $74.77.
Tecnoglass Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid 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 dividend payout ratio is currently 17.49%.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Tecnoglass in a research note on Saturday, December 14th. They issued a "hold" rating on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $77.40.
Check Out Our Latest Report on Tecnoglass
About Tecnoglass
(
Free Report)
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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