UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.38 Million Holdings in TPI Composites, Inc. (NASDAQ:TPIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of TPI Composites, Inc. (NASDAQ:TPIC) by 20.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,270 shares of the industrial products company’s stock after selling 137,869 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.10% of TPI Composites worth $2,376,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TPIC. Price T Rowe Associates Inc. MD raised its position in TPI Composites by 12.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,347 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 3,737 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of TPI Composites by 24.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,391 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 5,653 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its stake in shares of TPI Composites by 8.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 115,644 shares of the industrial products company’s stock valued at $461,000 after purchasing an additional 8,550 shares during the last quarter. Monaco Asset Management SAM boosted its holdings in TPI Composites by 20.0% in the second quarter. Monaco Asset Management SAM now owns 60,000 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 10,000 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in TPI Composites during the second quarter worth $44,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

TPI Composites Stock Performance

Shares of NASDAQ:TPIC opened at $1.23 on Friday. The business has a fifty day moving average of $2.87 and a 200-day moving average of $3.79. TPI Composites, Inc. has a twelve month low of $1.21 and a twelve month high of $5.75. The firm has a market cap of $58.50 million, a PE ratio of -0.33 and a beta of 1.82.

Analysts Set New Price Targets

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

TPI Composites Company 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.