Ladenburg Thalmann Financial Services Inc. Has $290,000 Stock Holdings in TPI Composites Inc (NASDAQ:TPIC)

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Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of TPI Composites Inc (NASDAQ:TPIC) by 23.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,745 shares of the industrial products company’s stock after purchasing an additional 2,250 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in TPI Composites were worth $290,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TPIC. State Board of Administration of Florida Retirement System increased its position in shares of TPI Composites by 5.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 13,055 shares of the industrial products company’s stock worth $323,000 after acquiring an additional 620 shares in the last quarter. CoreCommodity Management LLC grew its holdings in TPI Composites by 4.0% during the 2nd quarter. CoreCommodity Management LLC now owns 21,287 shares of the industrial products company’s stock valued at $526,000 after purchasing an additional 828 shares in the last quarter. TCI Wealth Advisors Inc. acquired a new stake in TPI Composites during the 2nd quarter valued at $25,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TPI Composites by 4.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,728 shares of the industrial products company’s stock valued at $735,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Morgan Stanley grew its holdings in TPI Composites by 0.4% during the 2nd quarter. Morgan Stanley now owns 376,021 shares of the industrial products company’s stock valued at $9,295,000 after purchasing an additional 1,672 shares in the last quarter. 89.61% of the stock is currently owned by institutional investors.

NASDAQ:TPIC traded up $0.14 during mid-day trading on Friday, hitting $16.26. The stock had a trading volume of 1,600,400 shares, compared to its average volume of 456,181. The company has a 50 day simple moving average of $19.40 and a 200-day simple moving average of $22.04. The stock has a market capitalization of $761.78 million, a price-to-earnings ratio of 203.25 and a beta of 1.73. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 1.11. TPI Composites Inc has a 52 week low of $15.34 and a 52 week high of $32.74.

TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.19). The company had revenue of $383.84 million for the quarter, compared to analyst estimates of $400.60 million. TPI Composites had a negative return on equity of 5.59% and a negative net margin of 0.82%. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. As a group, equities research analysts anticipate that TPI Composites Inc will post 0.03 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of TPI Composites from a “hold” rating to a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on shares of TPI Composites from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday. Canaccord Genuity lowered their price target on shares of TPI Composites from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday. Craig Hallum lowered their price target on shares of TPI Composites from $37.00 to $31.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Finally, UBS Group reduced their price objective on shares of TPI Composites from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.00.

In other TPI Composites news, President William E. Siwek bought 2,823 shares of TPI Composites stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $17.73 per share, for a total transaction of $50,051.79. Following the completion of the purchase, the president now directly owns 67,676 shares of the company’s stock, valued at $1,199,895.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.30% of the stock is owned by insiders.

TPI Composites Company Profile

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.

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

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