Tecnoglass (NYSE:TGLS) Director Anne Louise Carricarte Purchases 1,100 Shares

Tecnoglass Inc. (NYSE:TGLS) Director Anne Louise Carricarte bought 1,100 shares of Tecnoglass stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $43.27 per share, for a total transaction of $47,597.00. Following the completion of the acquisition, the director owned 1,100 shares in the company, valued at $47,597. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tecnoglass Stock Up 0.2%

Shares of NYSE TGLS opened at $42.53 on Wednesday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 12.44, a PEG ratio of 0.54 and a beta of 1.72. The stock’s fifty day moving average is $50.09 and its 200 day moving average is $56.02. Tecnoglass Inc. has a 52 week low of $40.09 and a 52 week high of $90.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 1.86.

Tecnoglass (NYSE:TGLS) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.21). Tecnoglass had a return on equity of 23.05% and a net margin of 16.22%.The firm had revenue of $245.30 million for the quarter. During the same period last year, the company earned $1.05 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TGLS shares. B. Riley Financial lowered 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. Zacks Research lowered Tecnoglass from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. DA Davidson lowered their price target on Tecnoglass from $80.00 to $70.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tecnoglass in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Tecnoglass has a consensus rating of “Hold” and a consensus target price of $67.50.

Institutional Trading of Tecnoglass

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake 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 valued at $224,000 after buying an additional 238 shares during the period. AQR Capital Management LLC increased its position in Tecnoglass by 25.8% in the 1st 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 during the period. Intech Investment Management LLC increased its position in Tecnoglass by 21.4% in the 1st quarter. Intech Investment Management LLC now owns 17,918 shares of the company’s stock valued at $1,282,000 after acquiring an additional 3,161 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Tecnoglass during the second quarter valued at $338,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Tecnoglass during the second quarter worth $1,456,000. 37.35% of the stock is owned by institutional investors and hedge funds.

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.