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

Two Sigma Investments LP trimmed its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,520 shares of the company's stock after selling 32,832 shares during the quarter. Two Sigma Investments LP owned 0.11% of Tecnoglass worth $4,087,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Tecnoglass during the fourth quarter worth about $70,000. Signaturefd LLC increased its position in shares of Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company's stock worth $71,000 after acquiring an additional 221 shares during the last quarter. Covestor Ltd increased its position in shares of Tecnoglass by 6,293.8% during the fourth quarter. Covestor Ltd now owns 1,023 shares of the company's stock worth $81,000 after acquiring an additional 1,007 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Tecnoglass by 18.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after acquiring an additional 170 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Tecnoglass during the fourth quarter worth about $108,000. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Stock Down 1.1%

NASDAQ:TGLS traded down $0.98 during mid-day trading on Monday, reaching $84.65. The stock had a trading volume of 289,824 shares, compared to its average volume of 370,552. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 26.45 and a beta of 1.85. Tecnoglass Inc. has a 1-year low of $40.94 and a 1-year high of $89.36. The stock's 50 day simple moving average is $75.33 and its two-hundred day simple moving average is $76.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.92 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 firm's revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. Equities analysts anticipate that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The company also recently declared 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 was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.71%. Tecnoglass's dividend payout ratio (DPR) is 16.22%.

Analyst Ratings Changes

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

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.