Deutsche Bank AG Boosts Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Deutsche Bank AG raised its position in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,226 shares of the company's stock after buying an additional 6,127 shares during the quarter. Deutsche Bank AG's holdings in Tecnoglass were worth $1,446,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Tecnoglass in the 4th quarter valued at about $70,000. Signaturefd LLC boosted its stake in shares of Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after purchasing an additional 221 shares in the last quarter. Covestor Ltd boosted its stake in shares of Tecnoglass by 6,293.8% in the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after purchasing an additional 1,007 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Tecnoglass by 18.7% in 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. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Tecnoglass in the 4th quarter valued at approximately $108,000. 37.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on shares of Tecnoglass in a research note on Friday, May 16th. They issued a "buy" rating and a $100.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Tecnoglass Trading Down 1.0%

NASDAQ:TGLS traded down $0.90 during mid-day trading on Thursday, hitting $85.54. 43,763 shares of the company's stock were exchanged, compared to its average volume of 370,257. The company has a 50 day simple moving average of $74.62 and a 200-day simple moving average of $76.03. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. Tecnoglass Inc. has a fifty-two week low of $40.94 and a fifty-two week high of $89.36. The firm has a market capitalization of $4.02 billion, a P/E ratio of 26.74 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The company's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. As a group, research analysts expect that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. Tecnoglass's dividend payout ratio is currently 16.22%.

Tecnoglass 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.