Tecnoglass Inc. (NASDAQ:TGLS) Shares Sold by Two Sigma Advisers LP

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

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

Tecnoglass Stock Performance

Shares of TGLS stock traded down $0.62 during mid-day trading on Friday, hitting $85.40. 29,405 shares of the stock were exchanged, compared to its average volume of 369,901. The stock's fifty day simple moving average is $74.86 and its two-hundred day simple moving average is $76.07. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 26.69 and a beta of 1.85. Tecnoglass Inc. has a 12-month low of $40.94 and a 12-month 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.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last released 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 return on equity of 27.71% and a net margin of 17.82%. The business's quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS. On average, analysts forecast that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given 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 0.70%. Tecnoglass's payout ratio is 16.22%.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Tecnoglass in a research note on Friday, May 16th. They set a "buy" rating and a $100.00 price objective for the company. Four 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 MarketBeat, Tecnoglass presently has an average rating of "Moderate Buy" and a consensus price target 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.