Tecnoglass Inc. (NASDAQ:TGLS) Shares Bought by Cynosure Group LLC

Cynosure Group LLC increased its position in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 27.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,728 shares of the company’s stock after purchasing an additional 2,301 shares during the period. Cynosure Group LLC’s holdings in Tecnoglass were worth $737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its position in Tecnoglass by 3.2% in the second quarter. Crossmark Global Holdings Inc. now owns 7,066 shares of the company’s stock worth $355,000 after acquiring an additional 220 shares in the last quarter. X Square Capital LLC raised its position in shares of Tecnoglass by 5.7% during the second quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock worth $219,000 after purchasing an additional 237 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in Tecnoglass by 3.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 9,596 shares of the company’s stock worth $659,000 after purchasing an additional 287 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Tecnoglass by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,681 shares of the company’s stock worth $687,000 after buying an additional 292 shares during the period. Finally, Signaturefd LLC lifted its stake in Tecnoglass by 4,735.7% during the third quarter. Signaturefd LLC now owns 677 shares of the company’s stock valued at $46,000 after buying an additional 663 shares in the last quarter. 37.35% of the stock is owned by institutional investors.

Tecnoglass Stock Performance

TGLS stock opened at $78.94 on Wednesday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 23.93 and a beta of 1.86. The firm has a 50 day moving average of $71.83 and a two-hundred day moving average of $60.06. 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 Inc. has a 12 month low of $33.90 and a 12 month high of $82.68.

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.11. The company had revenue of $237.90 million for 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%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, equities analysts anticipate that Tecnoglass Inc. will post 3.55 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.56%. Tecnoglass’s payout ratio is currently 13.75%.

Insider Buying and Selling at Tecnoglass

In other Tecnoglass news, Director Julio A. Torres sold 30,520 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $72.83, for a total value of $2,222,771.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $73.02, for a total value of $104,573,402.40. Following the transaction, the insider now owns 23,195,988 shares of the company’s stock, valued at approximately $1,693,771,043.76. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TGLS shares. Sidoti lowered shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a report on Tuesday, October 22nd. DA Davidson raised 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. Raymond James downgraded Tecnoglass from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on Tecnoglass from $50.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, B. Riley reaffirmed a “neutral” rating and set a $72.00 target price (up previously from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $77.40.

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.