American Century Companies Inc. Reduces Holdings in Tecnoglass Inc. (NASDAQ:TGLS)

American Century Companies Inc. cut its position in shares of Tecnoglass Inc. (NASDAQ:TGLS) by 11.5% during the 4th quarter, HoldingsChannel reports. The firm owned 728,375 shares of the company’s stock after selling 94,918 shares during the period. American Century Companies Inc.’s holdings in Tecnoglass were worth $57,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGLS. Principal Financial Group Inc. purchased a new stake in shares of Tecnoglass in the third quarter worth $2,211,000. Tidal Investments LLC bought a new stake in shares of Tecnoglass in the third quarter worth $585,000. Barclays PLC increased its position in shares of Tecnoglass by 32.2% during the 3rd quarter. Barclays PLC now owns 35,376 shares of the company’s stock valued at $2,429,000 after purchasing an additional 8,613 shares during the last quarter. Geode Capital Management LLC increased its holdings in Tecnoglass by 4.8% during the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company’s stock valued at $34,355,000 after buying an additional 22,700 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Tecnoglass by 29.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,966,119 shares of the company’s stock valued at $134,994,000 after acquiring an additional 447,647 shares during the period. 37.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Tecnoglass in a research report on Saturday, December 14th. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $77.40.

Tecnoglass Trading Down 1.5 %

Shares of Tecnoglass stock opened at $72.81 on Thursday. Tecnoglass Inc. has a fifty-two week low of $40.94 and a fifty-two week high of $86.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The company has a market capitalization of $3.42 billion, a P/E ratio of 22.75 and a beta of 1.94. The company has a fifty day moving average of $74.29 and a 200 day moving average of $74.45.

Tecnoglass Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Monday, March 31st. Tecnoglass’s dividend payout ratio (DPR) is 17.49%.

Tecnoglass Company Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.