Wasatch Advisors Inc. Sells 8,649 Shares of TPI Composites Inc (TPIC)
Wasatch Advisors Inc. decreased its holdings in TPI Composites Inc (NASDAQ:TPIC) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 333,981 shares of the industrial products company’s stock after selling 8,649 shares during the quarter. Wasatch Advisors Inc.’s holdings in TPI Composites were worth $6,833,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. FMR LLC lifted its position in shares of TPI Composites by 45.2% during the 2nd quarter. FMR LLC now owns 1,556,068 shares of the industrial products company’s stock worth $28,756,000 after buying an additional 484,681 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of TPI Composites by 79.9% during the 2nd quarter. Vanguard Group Inc. now owns 485,589 shares of the industrial products company’s stock worth $8,973,000 after buying an additional 215,680 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of TPI Composites by 14.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 413,837 shares of the industrial products company’s stock worth $9,245,000 after buying an additional 52,147 shares in the last quarter. Bamco Inc. NY lifted its position in shares of TPI Composites by 238.5% during the 2nd quarter. Bamco Inc. NY now owns 313,100 shares of the industrial products company’s stock worth $5,786,000 after buying an additional 220,600 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning lifted its position in shares of TPI Composites by 63.3% during the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 200,000 shares of the industrial products company’s stock worth $4,468,000 after buying an additional 77,500 shares in the last quarter. 35.12% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Investors L. P. Angeleno II sold 32,388 shares of TPI Composites stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $18.79, for a total value of $608,570.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel G. Weiss sold 51,000 shares of TPI Composites stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $19.14, for a total transaction of $976,140.00. Following the completion of the transaction, the director now owns 2,880 shares of the company’s stock, valued at $55,123.20. The disclosure for this sale can be found here. Insiders own 73.70% of the company’s stock.
Shares of TPI Composites Inc (NASDAQ:TPIC) opened at $19.90 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a market cap of $681.90, a P/E ratio of 19.51 and a beta of -1.43. TPI Composites Inc has a 1-year low of $15.26 and a 1-year high of $26.00.
TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.36. The company had revenue of $243.35 million for the quarter, compared to analysts’ expectations of $252.42 million. TPI Composites had a net margin of 4.09% and a return on equity of 30.80%. TPI Composites’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. analysts expect that TPI Composites Inc will post 1.3 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/01/19/wasatch-advisors-inc-sells-8649-shares-of-tpi-composites-inc-tpic.html.
TPI Composites Company Profile
TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.
Want to see what other hedge funds are holding TPIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPI Composites Inc (NASDAQ:TPIC).
Receive News & Ratings for TPI Composites Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites and related companies with MarketBeat.com's FREE daily email newsletter.