Tecnoglass (NYSE:TGLS) Major Shareholder Buys $4,855,144.19 in Stock

Key Points

• Holding Corp Energy bought 107,629 Tecnoglass shares on March 13 at an average of $45.11 for $4,855,144.19, bringing its total stake to 20,731,985 shares (a 0.52% increase) after multiple purchases from March 9–13.
• Tecnoglass shares traded at $43.89 on Monday (volume 756,015), with 50‑day/200‑day moving averages of $49.74/$55.43 and a one‑year range of $40.09 to $90.34.
• The company reported Q4 EPS of $0.63 versus consensus $0.84 on $245.3M revenue (an earnings miss), and analysts now show mixed views — consensus "Hold" with a $67.50 target after recent downgrades and price‑target cuts.

Tecnoglass Inc. (NYSE:TGLS - Get Free Report) major shareholder Holding Corp Energy acquired 107,629 shares of Tecnoglass stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $45.11 per share, with a total value of $4,855,144.19. Following the completion of the acquisition, the insider owned 20,731,985 shares of the company's stock, valued at $935,219,843.35. This trade represents a 0.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Holding Corp Energy also recently made the following trade(s):

• On Thursday, March 12th, Holding Corp Energy bought 107,600 shares of Tecnoglass stock. The stock was purchased at an average cost of $45.28 per share, with a total value of $4,872,128.00.
• On Wednesday, March 11th, Holding Corp Energy bought 92,066 shares of Tecnoglass stock. The stock was purchased at an average price of $44.24 per share, for a total transaction of $4,072,999.84.
• On Tuesday, March 10th, Holding Corp Energy purchased 107,600 shares of Tecnoglass stock. The shares were purchased at an average cost of $43.41 per share, for a total transaction of $4,670,916.00.
• On Monday, March 9th, Holding Corp Energy purchased 107,000 shares of Tecnoglass stock. The shares were purchased at an average price of $41.06 per share, with a total value of $4,393,420.00.

Tecnoglass Stock Performance

Shares of TGLS stock traded down $1.83 on Monday, hitting $43.89. 756,015 shares of the stock were exchanged, compared to its average volume of 405,324. The firm's 50 day moving average is $49.74 and its two-hundred day moving average is $55.43. Tecnoglass Inc. has a one year low of $40.09 and a one year high of $90.34. The firm has a market capitalization of $1.96 billion, a PE ratio of 12.83, a P/E/G ratio of 0.58 and a beta of 1.72. The company has a current ratio of 1.86, a quick ratio of 1.25 and a debt-to-equity ratio of 0.24.

Tecnoglass (NYSE:TGLS - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.21). The firm had revenue of $245.30 million during the quarter. Tecnoglass had a net margin of 16.22% and a return on equity of 23.05%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS.

Institutional Investors Weigh In On Tecnoglass

Several hedge funds and other institutional investors have recently modified their holdings of TGLS. Royal Bank of Canada lifted its holdings in shares of Tecnoglass by 8.3% in the first quarter. Royal Bank of Canada now owns 3,121 shares of the company's stock worth $224,000 after buying an additional 238 shares in the last quarter. AQR Capital Management LLC grew its stake in Tecnoglass by 25.8% during the first quarter. AQR Capital Management LLC now owns 3,505 shares of the company's stock valued at $251,000 after acquiring an additional 719 shares in the last quarter. Intech Investment Management LLC increased its holdings in Tecnoglass by 21.4% during the 1st quarter. Intech Investment Management LLC now owns 17,918 shares of the company's stock worth $1,282,000 after acquiring an additional 3,161 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Tecnoglass in the 2nd quarter worth approximately $338,000. Finally, Geode Capital Management LLC lifted its stake in Tecnoglass by 5.5% in the 2nd quarter. Geode Capital Management LLC now owns 557,729 shares of the company's stock worth $43,154,000 after purchasing an additional 29,281 shares in the last quarter. 37.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TGLS has been the topic of a number of recent research reports. DA Davidson dropped their price target on shares of Tecnoglass from $80.00 to $70.00 and set a "buy" rating on the stock in a research note on Monday, March 2nd. B. Riley Financial reduced their price objective on shares of Tecnoglass from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Tecnoglass in a report on Monday, December 22nd. Finally, Zacks Research downgraded Tecnoglass from a "hold" rating to a "strong sell" rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $67.50.

Tecnoglass Company Profile

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company's product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.