California Public Employees Retirement System continued to hold its stake in Tecnoglass Inc. (NASDAQ:TGLS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,000 shares of the company’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned 0.24% of Tecnoglass worth $755,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TGLS. Boston Partners purchased a new position in shares of Tecnoglass in the 2nd quarter valued at $975,000. Kennedy Capital Management Inc. grew its position in shares of Tecnoglass by 113.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock valued at $2,727,000 after buying an additional 155,847 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Tecnoglass by 36.7% in the 2nd quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after buying an additional 5,902 shares during the last quarter. Northern Trust Corp grew its position in shares of Tecnoglass by 15.6% in the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after buying an additional 4,588 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after buying an additional 15,261 shares during the last quarter. 3.46% of the stock is currently owned by institutional investors.

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Tecnoglass Inc. (NASDAQ:TGLS) opened at $7.05 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.38 and a quick ratio of 1.67. The company has a market cap of $240.41, a price-to-earnings ratio of 15.95, a P/E/G ratio of 0.86 and a beta of 0.51. Tecnoglass Inc. has a 52-week low of $5.50 and a 52-week high of $12.50.

The business also recently announced a dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were given a $0.14 dividend. This is an increase from Tecnoglass’s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, September 28th.

A number of research firms recently commented on TGLS. BidaskClub raised shares of Tecnoglass from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Dougherty & Co downgraded shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.00.

About Tecnoglass

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

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Institutional Ownership by Quarter for Tecnoglass (NASDAQ:TGLS)

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