Barclays PLC Has $275,000 Stock Position in TPI Composites, Inc. (NASDAQ:TPIC)

Barclays PLC lifted its holdings in shares of TPI Composites, Inc. (NASDAQ:TPICFree Report) by 281.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,538 shares of the industrial products company’s stock after acquiring an additional 44,666 shares during the period. Barclays PLC’s holdings in TPI Composites were worth $275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Erste Asset Management GmbH acquired a new position in TPI Composites during the 3rd quarter valued at about $7,854,000. Sanctuary Advisors LLC purchased a new position in shares of TPI Composites during the second quarter valued at approximately $1,421,000. King Luther Capital Management Corp bought a new stake in TPI Composites during the second quarter worth $1,365,000. Brightline Capital Management LLC raised its position in TPI Composites by 14.3% in the 3rd quarter. Brightline Capital Management LLC now owns 1,658,000 shares of the industrial products company’s stock valued at $7,544,000 after buying an additional 208,000 shares during the last quarter. Finally, DRW Securities LLC bought a new position in TPI Composites during the 2nd quarter valued at $718,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on TPI Composites

TPI Composites Stock Performance

Shares of TPIC stock opened at $1.56 on Tuesday. The firm’s 50-day simple moving average is $1.77 and its two-hundred day simple moving average is $3.24. TPI Composites, Inc. has a 52 week low of $1.10 and a 52 week high of $5.75. The firm has a market cap of $74.19 million, a price-to-earnings ratio of -0.42 and a beta of 1.82.

About TPI Composites

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TPI Composites (NASDAQ:TPIC)

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