Holding Corp Energy Acquires 107,629 Shares of Tecnoglass (NYSE:TGLS) Stock

Tecnoglass Inc. (NYSE:TGLS) major shareholder Holding Corp Energy bought 107,629 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $45.11 per share, with a total value of $4,855,144.19. Following the completion of 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large 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 shares were purchased 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 purchased 92,066 shares of Tecnoglass stock. The stock was purchased at an average price of $44.24 per share, with a total value of $4,072,999.84.
• On Tuesday, March 10th, Holding Corp Energy acquired 107,600 shares of Tecnoglass stock. The stock was purchased at an average cost of $43.41 per share, with a total value of $4,670,916.00.
• On Monday, March 9th, Holding Corp Energy acquired 107,000 shares of Tecnoglass stock. The shares were purchased at an average price of $41.06 per share, for a total transaction of $4,393,420.00.

Tecnoglass Trading Up 2.7%

NYSE TGLS opened at $45.03 on Wednesday. The firm’s 50 day moving average price is $49.46 and its two-hundred day moving average price is $55.03. 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 Inc. has a twelve month low of $40.09 and a twelve month high of $90.34. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 0.55 and a beta of 1.72.

Tecnoglass (NYSE:TGLS) last released its earnings results on Thursday, February 26th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.21). The business had revenue of $245.30 million during the quarter. Tecnoglass had a net margin of 16.22% and a return on equity of 23.05%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TGLS shares. Zacks Research lowered Tecnoglass from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. DA Davidson dropped their target price on Tecnoglass from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. B. Riley Financial reduced their price target 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tecnoglass in a report on Monday, December 22nd. Two investment 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 an average rating of “Hold” and a consensus price target of $67.50.

Institutional Investors Weigh In On Tecnoglass

Large investors have recently added to or reduced their stakes in the business. First Horizon Corp acquired a new stake in Tecnoglass during the 3rd quarter valued at $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Tecnoglass in the fourth quarter valued at about $28,000. Arax Advisory Partners raised its position in shares of Tecnoglass by 128.4% in the fourth quarter. Arax Advisory Partners now owns 596 shares of the company’s stock valued at $30,000 after purchasing an additional 335 shares during the period. Federated Hermes Inc. lifted its stake in shares of Tecnoglass by 290.2% during the 3rd quarter. Federated Hermes Inc. now owns 597 shares of the company’s stock worth $40,000 after buying an additional 444 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Tecnoglass by 223.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 637 shares of the company’s stock worth $43,000 after buying an additional 440 shares during the last quarter. Institutional investors own 37.35% of the company’s stock.

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.