Tecnoglass Inc. (NASDAQ:TGLS) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of 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 institutional investor owned 18,226 shares of the company's stock after acquiring an additional 6,127 shares during the quarter. Deutsche Bank AG's holdings in Tecnoglass were worth $1,446,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TGLS. FMR LLC lifted its stake in Tecnoglass by 49.2% in the 4th quarter. FMR LLC now owns 5,412,322 shares of the company's stock valued at $429,305,000 after buying an additional 1,785,602 shares in the last quarter. Capital World Investors purchased a new position in Tecnoglass in the 4th quarter valued at about $23,530,000. Marshall Wace LLP purchased a new position in Tecnoglass in the 4th quarter valued at about $19,638,000. Invesco Ltd. lifted its stake in Tecnoglass by 486.8% in the 4th quarter. Invesco Ltd. now owns 147,070 shares of the company's stock valued at $11,666,000 after buying an additional 122,006 shares in the last quarter. Finally, one8zero8 LLC purchased a new position in Tecnoglass in the 4th quarter valued at about $8,021,000. 37.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley initiated 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 analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Tecnoglass presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Tecnoglass Price Performance

TGLS stock traded up $3.56 during mid-day trading on Tuesday, reaching $87.69. The company's stock had a trading volume of 416,446 shares, compared to its average volume of 371,990. The stock has a market cap of $4.12 billion, a PE ratio of 27.40 and a beta of 1.85. 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 company's 50 day moving average is $74.03 and its two-hundred day moving average is $75.87.

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

Tecnoglass Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.68%. 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.