Holding Corp Energy Purchases 107,000 Shares of Tecnoglass (NYSE:TGLS) Stock

Tecnoglass Inc. (NYSE:TGLS) major shareholder Holding Corp Energy bought 107,000 shares of the stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $41.06 per share, with a total value of $4,393,420.00. Following the purchase, the insider owned 20,317,090 shares of the company’s stock, valued at approximately $834,219,715.40. This represents a 0.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, March 11th, Holding Corp Energy purchased 92,066 shares of Tecnoglass stock. The shares were bought at an average cost 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 stock was bought at an average price of $43.41 per share, with a total value of $4,670,916.00.

Tecnoglass Stock Up 5.0%

NYSE:TGLS traded up $2.11 during trading hours on Wednesday, hitting $44.73. The stock had a trading volume of 458,060 shares, compared to its average volume of 390,742. The company has a market cap of $2.00 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.54 and a beta of 1.72. The business has a 50 day simple moving average of $50.09 and a two-hundred day simple moving average of $56.02. Tecnoglass Inc. has a 1-year low of $40.09 and a 1-year high of $90.34. 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) last posted its earnings results on Thursday, February 26th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.21). The firm had revenue of $245.30 million for the quarter. Tecnoglass had a return on equity of 23.05% and a net margin of 16.22%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share.

Institutional Trading of Tecnoglass

Several institutional investors have recently added to or reduced their stakes in TGLS. Citigroup Inc. boosted its stake in Tecnoglass by 445.3% during the 3rd quarter. Citigroup Inc. now owns 526,061 shares of the company’s stock valued at $35,199,000 after acquiring an additional 429,590 shares during the last quarter. Fourth Sail Capital LP bought a new stake in shares of Tecnoglass in the 4th quarter worth about $17,461,000. Jane Street Group LLC increased its position in shares of Tecnoglass by 2,640.4% in the 2nd quarter. Jane Street Group LLC now owns 326,113 shares of the company’s stock worth $25,228,000 after purchasing an additional 314,213 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Tecnoglass by 195.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 285,426 shares of the company’s stock valued at $14,363,000 after purchasing an additional 188,975 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Tecnoglass by 17.8% in the 4th quarter. First Trust Advisors LP now owns 1,209,419 shares of the company’s stock valued at $60,858,000 after purchasing an additional 182,449 shares in the last quarter. 37.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TGLS. B. Riley Financial decreased their price objective on shares of Tecnoglass from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, March 6th. DA Davidson dropped their target price on Tecnoglass from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Zacks Research cut Tecnoglass from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tecnoglass in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Tecnoglass has an average rating of “Hold” and an average price target 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.