Trexquant Investment LP Grows Position in Tecnoglass Inc. $TGLS

Key Points

• Trexquant Investment LP significantly increased its stake in Tecnoglass Inc. by 741.3% during the 1st quarter, acquiring 119,997 shares valued at approximately $8.59 million.
• Tecnoglass reported a 16.3% year-over-year increase in revenue and achieved an EPS of $1.03, surpassing analyst expectations of $0.96.
• Prior to its earnings results, analysts at B. Riley issued a "buy" rating for Tecnoglass with a price target of $100.00, reflecting growing confidence in the company's growth potential.

Trexquant Investment LP increased its stake in shares of Tecnoglass Inc. (NASDAQ:TGLS - Free Report) by 741.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,997 shares of the company's stock after purchasing an additional 105,733 shares during the quarter. Trexquant Investment LP owned approximately 0.26% of Tecnoglass worth $8,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Silvercrest Asset Management Group LLC purchased a new position in shares of Tecnoglass during the 4th quarter valued at approximately $4,239,000. EntryPoint Capital LLC raised its position in shares of Tecnoglass by 178.8% during the first quarter. EntryPoint Capital LLC now owns 7,144 shares of the company's stock worth $511,000 after purchasing an additional 4,582 shares during the period. GAMMA Investing LLC grew its holdings in shares of Tecnoglass by 5,771.4% during the first quarter. GAMMA Investing LLC now owns 17,673 shares of the company's stock valued at $1,265,000 after buying an additional 17,372 shares in the last quarter. Vanguard Group Inc. boosted its position in Tecnoglass by 4.4% during the first quarter. Vanguard Group Inc. now owns 540,314 shares of the company's stock valued at $38,659,000 after purchasing an additional 22,879 shares during the last quarter. Finally, Jump Financial LLC lifted its position in shares of Tecnoglass by 69.4% in the first quarter. Jump Financial LLC now owns 20,825 shares of the company's stock worth $1,490,000 after buying an additional 8,534 shares during the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Stock Up 1.9%

TGLS traded up $1.34 during trading on Thursday, reaching $71.79. 191,021 shares of the stock were exchanged, compared to its average volume of 366,828. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The stock's 50 day moving average price is $75.45 and its two-hundred day moving average price is $75.13. Tecnoglass Inc. has a twelve month low of $58.24 and a twelve month high of $90.34. The stock has a market cap of $3.37 billion, a P/E ratio of 22.43 and a beta of 1.87.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.07. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.The firm's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. Tecnoglass has set its FY 2025 guidance at EPS. Equities analysts expect that Tecnoglass Inc. will post 3.53 EPS for the current year.

Tecnoglass Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. Tecnoglass's payout ratio is presently 15.42%.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of Tecnoglass in a research note on Friday, May 16th. They issued a "buy" rating and a $100.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.00.

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.