Two Sigma Advisers LP Cuts Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Two Sigma Advisers LP lowered its holdings in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,200 shares of the company's stock after selling 18,900 shares during the quarter. Two Sigma Advisers LP owned about 0.11% of Tecnoglass worth $3,982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its position in shares of Tecnoglass by 32.2% during the third quarter. Barclays PLC now owns 35,376 shares of the company's stock worth $2,429,000 after acquiring an additional 8,613 shares in the last quarter. SG Americas Securities LLC lifted its stake in Tecnoglass by 48.5% during the 4th quarter. SG Americas Securities LLC now owns 10,554 shares of the company's stock valued at $837,000 after acquiring an additional 3,445 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Tecnoglass during the 4th quarter valued at $275,000. Linden Thomas Advisory Services LLC grew its stake in shares of Tecnoglass by 22.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,597 shares of the company's stock worth $1,158,000 after acquiring an additional 2,646 shares in the last quarter. Finally, Nilsine Partners LLC bought a new stake in shares of Tecnoglass in the 4th quarter worth $1,322,000. Institutional investors own 37.35% of the company's stock.

Tecnoglass Stock Performance

Shares of TGLS stock traded down $1.40 during trading hours on Wednesday, hitting $86.37. 274,078 shares of the company were exchanged, compared to its average volume of 371,600. The firm has a fifty day simple moving average of $74.33 and a 200 day simple moving average of $75.96. 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 52-week low of $40.94 and a 52-week high of $90.64. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 26.99 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.92 earnings per share 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 for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. Research analysts predict that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders 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 yield of 0.69%. Tecnoglass's payout ratio is 16.22%.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Tecnoglass in a research report on Friday, May 16th. They set a "buy" rating and a $100.00 price target for the company. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.