Tecnoglass Inc. (NASDAQ:TGLS) Stock Holdings Lessened by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,395 shares of the company's stock after selling 43,753 shares during the period. Squarepoint Ops LLC owned about 0.10% of Tecnoglass worth $3,601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. R Squared Ltd acquired a new stake in Tecnoglass during the fourth quarter valued at approximately $70,000. Signaturefd LLC boosted its stake in shares of Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after acquiring an additional 221 shares in the last quarter. Covestor Ltd boosted its stake in Tecnoglass by 6,293.8% during 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 during the period. Quadrant Capital Group LLC increased its stake in Tecnoglass by 18.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock valued at $86,000 after acquiring an additional 170 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Tecnoglass in the fourth quarter valued at about $108,000. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley began coverage on Tecnoglass in a research report on Friday, May 16th. They issued a "buy" rating and a $100.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Tecnoglass has an average rating of "Moderate Buy" and an average target price of $83.00.

Tecnoglass Stock Down 0.5%

Shares of NASDAQ TGLS traded down $0.41 during mid-day trading on Thursday, hitting $86.04. 259,167 shares of the stock traded hands, compared to its average volume of 371,097. Tecnoglass Inc. has a 52 week low of $40.94 and a 52 week high of $89.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 26.89 and a beta of 1.85. The stock has a fifty day moving average price of $74.62 and a 200-day moving average price of $76.03.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. During the same quarter in the previous year, the company earned $0.66 EPS. The business's revenue for the quarter was up 15.4% on a year-over-year basis. Research analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors 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 dividend on an annualized basis and a yield of 0.70%. Tecnoglass's dividend payout ratio (DPR) is 16.22%.

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.