Victory Capital Management Inc. Has $19.57 Million Stock Holdings in Tecnoglass Inc. $TGLS

Victory Capital Management Inc. increased its stake in shares of Tecnoglass Inc. (NYSE:TGLS) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,437 shares of the company’s stock after buying an additional 13,267 shares during the quarter. Victory Capital Management Inc. owned 0.63% of Tecnoglass worth $19,567,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC boosted its stake in Tecnoglass by 2.2% in the third quarter. William Blair Investment Management LLC now owns 937,463 shares of the company’s stock worth $62,726,000 after purchasing an additional 20,071 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Tecnoglass by 9.6% in 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. Quantbot Technologies LP grew its holdings in Tecnoglass by 809.7% during the 3rd quarter. Quantbot Technologies LP now owns 15,974 shares of the company’s stock worth $1,069,000 after acquiring an additional 14,218 shares during the period. R Squared Ltd increased its holdings in Tecnoglass by 99.0% in the third quarter. R Squared Ltd now owns 5,207 shares of the company’s stock valued at $348,000 after purchasing an additional 2,590 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Tecnoglass in the 3rd quarter valued at about $559,000. 37.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Anne Louise Carricarte purchased 1,100 shares of the stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $43.27 per share, with a total value of $47,597.00. Following the acquisition, the director directly owned 1,100 shares in the company, valued at $47,597. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Tecnoglass Trading Up 0.2%

Tecnoglass stock opened at $42.53 on Wednesday. The stock has a 50-day simple moving average of $50.09 and a 200 day simple moving average of $56.02. 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 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 52 week low of $40.09 and a 52 week high of $90.34.

Tecnoglass (NYSE:TGLS) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.21). The company 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%.Tecnoglass’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share.

Analyst Ratings Changes

TGLS has been the topic of several recent analyst reports. B. Riley Financial reduced their target price on Tecnoglass from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, March 6th. DA Davidson dropped their price target on Tecnoglass from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Tecnoglass in a report on Monday, December 22nd. Finally, Zacks Research downgraded shares of Tecnoglass from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $67.50.

Tecnoglass 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.