Victory Capital Management Inc. Sells 123,513 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

Victory Capital Management Inc. lessened its holdings in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 274,556 shares of the company's stock after selling 123,513 shares during the quarter. Victory Capital Management Inc. owned 0.58% of Tecnoglass worth $21,778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nations Financial Group Inc. IA ADV increased its holdings in Tecnoglass by 3.0% in the 4th 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 during the period. USA Financial Formulas bought a new position in Tecnoglass in the fourth quarter valued at approximately $26,000. R Squared Ltd acquired a new position in Tecnoglass during the fourth quarter valued at approximately $70,000. Charles Schwab Investment Management Inc. lifted its stake in Tecnoglass by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,313 shares of the company's stock worth $14,620,000 after purchasing an additional 913 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Tecnoglass by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company's stock valued at $1,321,000 after purchasing an additional 1,146 shares in the last quarter. 37.35% of the stock is currently owned by institutional investors and hedge funds.

Tecnoglass Stock Performance

Shares of TGLS stock opened at $64.61 on Wednesday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 20.19 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. The business's 50-day moving average price is $75.86 and its 200-day moving average price is $73.77. Tecnoglass Inc. has a 12 month low of $40.94 and a 12 month high of $86.99.

Analyst Ratings Changes

TGLS has been the subject of a number of research analyst reports. StockNews.com began coverage on Tecnoglass in a report on Saturday, December 14th. They set a "hold" rating for the company. DA Davidson increased their target price on shares of Tecnoglass from $65.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $77.40.

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About Tecnoglass

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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