TPI Composites Inc (NASDAQ:TPIC) Shares Sold by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC trimmed its position in shares of TPI Composites Inc (NASDAQ:TPIC) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,083 shares of the industrial products company’s stock after selling 7,092 shares during the period. TPI Composites makes up about 0.4% of Value Holdings Management CO. LLC’s holdings, making the stock its 28th largest holding. Value Holdings Management CO. LLC owned about 0.17% of TPI Composites worth $1,093,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of TPI Composites by 2.5% during the fourth quarter. Swiss National Bank now owns 53,800 shares of the industrial products company’s stock worth $996,000 after acquiring an additional 1,300 shares during the period. Smithfield Trust Co. increased its position in shares of TPI Composites by 35.4% during the third quarter. Smithfield Trust Co. now owns 5,003 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 1,309 shares during the period. Victory Capital Management Inc. increased its position in shares of TPI Composites by 30.1% during the fourth quarter. Victory Capital Management Inc. now owns 6,892 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 1,596 shares during the period. Citizens Financial Group Inc RI purchased a new stake in shares of TPI Composites during the fourth quarter worth $35,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of TPI Composites by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 190,173 shares of the industrial products company’s stock worth $3,521,000 after acquiring an additional 3,714 shares during the period. Institutional investors own 78.44% of the company’s stock.

A number of analysts have recently weighed in on the company. BidaskClub raised TPI Composites from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 16th. ValuEngine raised TPI Composites from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th. JMP Securities increased their target price on TPI Composites from $20.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Zacks Investment Research raised TPI Composites from a “strong sell” rating to a “hold” rating in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered TPI Composites from an “overweight” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Tuesday, February 11th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.89.

Shares of TPIC stock traded down $0.09 during mid-day trading on Wednesday, hitting $24.04. 355,182 shares of the stock were exchanged, compared to its average volume of 618,522. The stock’s fifty day simple moving average is $21.89 and its two-hundred day simple moving average is $19.23. The stock has a market capitalization of $880.92 million, a price-to-earnings ratio of -34.84 and a beta of 1.58. TPI Composites Inc has a 12-month low of $15.34 and a 12-month high of $31.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.22 and a current ratio of 1.26.

About TPI Composites

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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