Key Points
- Holding Corp Energy acquired 107,629 Tecnoglass shares on March 13 at an average of $45.11, bringing its direct stake to 20,731,985 shares worth about $935.2 million (a 0.52% increase).
- Between March 9–13 the firm bought roughly 521,895 shares in five transactions for about $22.9 million total, signaling a concentrated insider accumulation over the week.
- Tecnoglass recently missed quarterly EPS ($0.63 vs. $0.84 consensus), the stock is down ~4% and trading nearer its 12‑month low, with a $1.96 billion market cap and an average analyst rating of "Hold" (average target $67.50).
Tecnoglass Inc. (NYSE:TGLS - Get Free Report) major shareholder Holding Corp Energy bought 107,629 shares of the stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of $45.11 per share, with a total value of $4,855,144.19. Following the acquisition, the insider directly owned 20,731,985 shares in the company, valued at approximately $935,219,843.35. This trade represents a 0.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's stock 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 purchased 107,600 shares of Tecnoglass stock. The stock was bought at an average cost of $45.28 per share, for a total transaction of $4,872,128.00.
- On Wednesday, March 11th, Holding Corp Energy purchased 92,066 shares of Tecnoglass stock. The stock was 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, for a total transaction of $4,670,916.00.
- On Monday, March 9th, Holding Corp Energy acquired 107,000 shares of Tecnoglass stock. The shares were bought at an average cost of $41.06 per share, with a total value of $4,393,420.00.
Tecnoglass Trading Down 4.0%
NYSE TGLS opened at $43.89 on Tuesday. Tecnoglass Inc. has a 12 month low of $40.09 and a 12 month high of $90.34. The stock has a 50-day simple moving average of $49.58 and a 200 day simple moving average of $55.23. The company has a current ratio of 1.86, a quick ratio of 1.25 and a debt-to-equity ratio of 0.24. The company 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.
Tecnoglass (NYSE:TGLS - Get Free Report) last posted its earnings results 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 company 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 revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. DA Davidson cut their target price on shares of Tecnoglass from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Monday, March 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Tecnoglass in a report on Monday, December 22nd. Zacks Research cut shares of Tecnoglass from a "hold" rating to a "strong sell" rating in a research report on Monday, March 2nd. Finally, B. Riley Financial dropped their price objective on Tecnoglass from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.50.
Read Our Latest Analysis on Tecnoglass
Institutional Trading of Tecnoglass
Hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. lifted its stake in Tecnoglass by 9.6% in the third quarter. American Century Companies Inc. now owns 1,022,101 shares of the company's stock valued at $68,389,000 after buying an additional 89,175 shares in the last quarter. Citigroup Inc. increased its position in shares of Tecnoglass by 445.3% during the third quarter. Citigroup Inc. now owns 526,061 shares of the company's stock worth $35,199,000 after acquiring an additional 429,590 shares in the last quarter. Castleark Management LLC bought a new stake in shares of Tecnoglass during the second quarter worth $3,060,000. CenterBook Partners LP acquired a new stake in shares of Tecnoglass during the second quarter worth $2,777,000. Finally, Geode Capital Management LLC raised its holdings in shares of Tecnoglass by 5.5% during the second quarter. Geode Capital Management LLC now owns 557,729 shares of the company's stock worth $43,154,000 after acquiring an additional 29,281 shares during the period. 37.35% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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