Squarepoint Ops LLC Sells 43,753 Shares of Tecnoglass Inc. (NASDAQ:TGLS)

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

Several other hedge funds and other institutional investors have also bought and sold shares of TGLS. FMR LLC grew its stake in Tecnoglass by 49.2% during the fourth quarter. FMR LLC now owns 5,412,322 shares of the company's stock worth $429,305,000 after buying an additional 1,785,602 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Tecnoglass by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 993,514 shares of the company's stock worth $78,811,000 after acquiring an additional 14,369 shares during the period. Polaris Capital Management LLC lifted its holdings in shares of Tecnoglass by 2.5% during the 4th quarter. Polaris Capital Management LLC now owns 860,964 shares of the company's stock worth $68,292,000 after acquiring an additional 20,800 shares during the period. Vanguard Group Inc. boosted its position in shares of Tecnoglass by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 517,435 shares of the company's stock worth $41,043,000 after acquiring an additional 31,493 shares in the last quarter. Finally, Capital World Investors bought a new position in Tecnoglass in the fourth quarter valued at about $23,530,000. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Stock Down 0.2%

Shares of NASDAQ TGLS traded down $0.19 during midday trading on Friday, hitting $85.83. 238,850 shares of the stock traded hands, compared to its average volume of 370,877. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. Tecnoglass Inc. has a one year low of $40.94 and a one year high of $89.36. The business has a 50 day moving average price of $75.10 and a two-hundred day moving average price of $76.17. The company has a market cap of $4.03 billion, a PE ratio of 26.82 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results 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 period in the prior year, the company posted $0.66 earnings per share. The company's revenue was up 15.4% on a year-over-year basis. On average, equities analysts predict 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. 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 payout ratio is 16.22%.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on shares of Tecnoglass in a research report on Friday, May 16th. They set a "buy" rating and a $100.00 target price on the stock. Four investment 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 has an average rating of "Moderate Buy" and an average target price of $83.00.

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.