Jane Street Group LLC Sells 10,725 Shares of TPI Composites, Inc. (NASDAQ:TPIC)

Jane Street Group LLC reduced its holdings in shares of TPI Composites, Inc. (NASDAQ:TPIC) by 13.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 67,884 shares of the industrial products company’s stock after selling 10,725 shares during the period. Jane Street Group LLC’s holdings in TPI Composites were worth $309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantinno Capital Management LP acquired a new stake in TPI Composites during the third quarter valued at approximately $57,000. Intech Investment Management LLC acquired a new stake in TPI Composites in the 3rd quarter valued at $65,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TPI Composites in the 3rd quarter valued at $88,000. Quantbot Technologies LP grew its position in TPI Composites by 24.9% in the third quarter. Quantbot Technologies LP now owns 28,391 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 5,653 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in TPI Composites during the third quarter worth $155,000. Institutional investors own 75.24% of the company’s stock.

TPI Composites Stock Down 6.3 %

TPIC stock opened at $1.64 on Friday. The company has a market cap of $78.00 million, a P/E ratio of -0.44 and a beta of 1.82. The business’s fifty day moving average is $2.00 and its 200-day moving average is $3.37. TPI Composites, Inc. has a twelve month low of $1.10 and a twelve month high of $5.75.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TPIC. JPMorgan Chase & Co. restated a “neutral” rating on shares of TPI Composites in a research note on Thursday, December 12th. Bank of America decreased their price objective on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group started coverage on shares of TPI Composites in a research note on Thursday, October 17th. They issued a “hold” rating and a $5.00 target price for the company. Finally, Morgan Stanley restated an “underweight” rating and set a $2.00 price target (down from $4.00) on shares of TPI Composites in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.58.

TPI Composites Profile

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators.