Renaissance Technologies LLC raised its holdings in shares of Tecnoglass Inc. (NASDAQ:TGLS – Get Rating) by 24.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,900 shares of the company’s stock after buying an additional 43,100 shares during the quarter. Renaissance Technologies LLC owned about 0.45% of Tecnoglass worth $4,532,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Financial Management Professionals Inc. acquired a new position in shares of Tecnoglass during the 3rd quarter worth approximately $27,000. Tower Research Capital LLC TRC acquired a new position in Tecnoglass during the third quarter worth $28,000. BNP Paribas Arbitrage SA purchased a new stake in Tecnoglass in the 1st quarter valued at $29,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Tecnoglass in the 3rd quarter worth $79,000. Finally, UBS Group AG raised its holdings in shares of Tecnoglass by 104.4% during the 3rd quarter. UBS Group AG now owns 3,758 shares of the company’s stock worth $79,000 after acquiring an additional 1,919 shares during the period. 23.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TGLS has been the topic of several recent analyst reports. Robert W. Baird upped their price target on Tecnoglass from $42.00 to $50.00 in a research note on Friday, March 3rd. B. Riley increased their target price on Tecnoglass from $40.00 to $43.00 and gave the company a “buy” rating in a report on Monday, February 6th. Raymond James raised their price objective on shares of Tecnoglass from $35.00 to $42.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 28th. Finally, StockNews.com lowered Tecnoglass from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 11th.
Insider Activity at Tecnoglass
Tecnoglass Stock Down 6.0 %
Shares of TGLS opened at $39.46 on Monday. Tecnoglass Inc. has a 1-year low of $16.05 and a 1-year high of $43.84. The firm has a 50 day simple moving average of $34.69 and a 200-day simple moving average of $28.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.06 and a quick ratio of 1.40.
Tecnoglass Company Profile
Tecnoglass, Inc is a holding company, which engages in the design, manufacturing, distribution, marketing, and installation of architectural glass, windows and associated aluminum products for the global commercial and residential construction market. It operates through the following geographical segments: Colombia, United States, Panama, and Other.
- Get a free copy of the StockNews.com research report on Tecnoglass (TGLS)
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