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

Tecnoglass Inc. (NYSE:TGLS) major shareholder Holding Corp Energy purchased 107,629 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $45.11 per share, for a total transaction of $4,855,144.19. Following the acquisition, the insider owned 20,731,985 shares of the company’s stock, valued at approximately $935,219,843.35. This trade represents a 0.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 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 Thursday, March 12th, Holding Corp Energy acquired 107,600 shares of Tecnoglass stock. The stock was acquired at an average price of $45.28 per share, for a total transaction of $4,872,128.00.
• On Wednesday, March 11th, Holding Corp Energy acquired 92,066 shares of Tecnoglass stock. The shares were acquired at an average cost of $44.24 per share, with a total value of $4,072,999.84.
• On Tuesday, March 10th, Holding Corp Energy bought 107,600 shares of Tecnoglass stock. The shares were acquired 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 acquired at an average price of $41.06 per share, for a total transaction of $4,393,420.00.

Tecnoglass Price Performance

Shares of NYSE:TGLS traded down $1.83 on Monday, hitting $43.89. The company’s stock had a trading volume of 756,015 shares, compared to its average volume of 405,324. The company has a 50-day simple moving average of $49.74 and a 200 day simple moving average of $55.43. Tecnoglass Inc. has a 1 year low of $40.09 and a 1 year high of $90.34. The company has a market capitalization of $1.96 billion, a PE ratio of 12.83, a PEG ratio of 0.58 and a beta of 1.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.25.

Tecnoglass (NYSE:TGLS) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.21). The business 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% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research cut shares of Tecnoglass from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. B. Riley Financial dropped their price objective on shares of Tecnoglass from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, March 6th. DA Davidson cut their target price on shares of Tecnoglass from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Finally, Weiss Ratings reissued 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.50.

Institutional Trading of Tecnoglass

Several hedge funds and other institutional investors have recently bought and sold shares of TGLS. Capital World Investors grew its position in Tecnoglass by 6.2% during the third quarter. Capital World Investors now owns 1,794,272 shares of the company’s stock valued at $120,055,000 after acquiring an additional 104,132 shares during the last quarter. First Trust Advisors LP lifted its holdings 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 worth $60,858,000 after acquiring an additional 182,449 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Tecnoglass by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,081,541 shares of the company’s stock valued at $54,427,000 after purchasing an additional 58,975 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Tecnoglass by 9.6% during the 3rd quarter. American Century Companies Inc. now owns 1,022,101 shares of the company’s stock valued at $68,389,000 after purchasing an additional 89,175 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of Tecnoglass by 2.2% during the 3rd quarter. William Blair Investment Management LLC now owns 937,463 shares of the company’s stock valued at $62,726,000 after purchasing an additional 20,071 shares during the last quarter. Hedge funds and other institutional investors own 37.35% of the company’s stock.

About Tecnoglass

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.