Key Points
- Holding Corp Energy bought 92,066 shares of Tecnoglass on March 11 at $44.24 for about $4.07M and also purchased 107,600 shares on March 10 and 107,000 on March 9, totaling roughly 306,666 shares for about $13.14M over the three days.
- After these purchases the insider's position rose by 0.45% to 20,516,756 shares valued at approximately $907.66M; analysts remain mixed on TGLS, with a consensus "Hold" rating and a $67.50 price target.
- Tecnoglass last reported an EPS miss ( $0.63 vs. $0.84 expected) with revenue up 3% year‑over‑year, and the stock trades at a $2.0B market cap with a PE of 13.08 while sitting below its 50‑ and 200‑day moving averages.
Tecnoglass Inc. (NYSE:TGLS - Get Free Report) major shareholder Holding Corp Energy purchased 92,066 shares of Tecnoglass stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $44.24 per share, for a total transaction of $4,072,999.84. Following the completion of the acquisition, the insider owned 20,516,756 shares in the company, valued at $907,661,285.44. The trade was a 0.45% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Holding Corp Energy also recently made the following trade(s):
- On Tuesday, March 10th, Holding Corp Energy acquired 107,600 shares of Tecnoglass stock. The shares were purchased at an average price of $43.41 per share, with a total value of $4,670,916.00.
- On Monday, March 9th, Holding Corp Energy bought 107,000 shares of Tecnoglass stock. The stock was purchased at an average cost of $41.06 per share, for a total transaction of $4,393,420.00.
Tecnoglass Price Performance
Shares of Tecnoglass stock opened at $44.73 on Thursday. The firm has a market cap of $2.00 billion, a PE ratio of 13.08, a PEG ratio of 0.54 and a beta of 1.72. The stock has a 50 day moving average of $49.98 and a 200 day moving average of $55.94. 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 Inc. has a 12 month low of $40.09 and a 12 month high of $90.34.
Tecnoglass (NYSE:TGLS - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.Tecnoglass's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on TGLS. Weiss Ratings restated a "hold (c)" rating on shares of Tecnoglass in a report on Monday, December 22nd. DA Davidson decreased their price objective on Tecnoglass from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Monday, March 2nd. B. Riley Financial dropped their target price on Tecnoglass from $70.00 to $65.00 and set a "buy" rating for the company in a report on Friday, March 6th. Finally, Zacks Research lowered Tecnoglass from a "hold" rating to a "strong sell" rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Tecnoglass presently has a consensus rating of "Hold" and a consensus price target of $67.50.
Read Our Latest Research Report on Tecnoglass
Institutional Trading of Tecnoglass
Several institutional investors and hedge funds have recently made changes to their positions in TGLS. Citigroup Inc. grew its holdings in shares of Tecnoglass by 445.3% in the third quarter. Citigroup Inc. now owns 526,061 shares of the company's stock worth $35,199,000 after purchasing an additional 429,590 shares during the last quarter. Fourth Sail Capital LP bought a new position in 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% during the second quarter. Jane Street Group LLC now owns 326,113 shares of the company's stock worth $25,228,000 after acquiring an additional 314,213 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Tecnoglass by 195.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 285,426 shares of the company's stock valued at $14,363,000 after acquiring an additional 188,975 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Tecnoglass by 17.8% in the fourth 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 during the period. 37.35% of the stock is currently owned by institutional investors.
About Tecnoglass
(
Get Free Report)
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.
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