Two Sigma Investments LP Trims Stock Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

Two Sigma Investments LP decreased its holdings in Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 38.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,520 shares of the company's stock after selling 32,832 shares during the period. Two Sigma Investments LP owned about 0.11% of Tecnoglass worth $4,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC bought a new position in Tecnoglass in the fourth quarter worth approximately $4,239,000. Barclays PLC raised its stake in Tecnoglass by 32.2% in the third quarter. Barclays PLC now owns 35,376 shares of the company's stock worth $2,429,000 after buying an additional 8,613 shares in the last quarter. Jump Financial LLC bought a new position in Tecnoglass in the fourth quarter worth approximately $975,000. Oppenheimer & Co. Inc. bought a new position in Tecnoglass in the fourth quarter worth approximately $265,000. Finally, Raymond James Financial Inc. bought a new position in Tecnoglass in the fourth quarter worth approximately $4,344,000. Institutional investors own 37.35% of the company's stock.

Tecnoglass Stock Down 0.2%

Shares of TGLS traded down $0.19 during midday trading on Friday, hitting $85.83. 238,850 shares of the company's stock traded hands, compared to its average volume of 371,038. Tecnoglass Inc. has a 1 year low of $40.94 and a 1 year high of $89.36. The firm's fifty day moving average is $75.10 and its 200-day moving average is $76.16. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 26.82 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. During the same quarter last year, the firm posted $0.66 earnings per share. The business's revenue for the quarter was up 15.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Tecnoglass Inc. will post 3.53 earnings per share for the current year.

Tecnoglass Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.70%. Tecnoglass's dividend payout ratio is presently 16.22%.

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of Tecnoglass in a research note on Friday, May 16th. They issued a "buy" rating and a $100.00 price objective 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 company 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.