TPI Composites, Inc. (NASDAQ:TPIC) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in TPI Composites, Inc. (NASDAQ:TPIC) by 281.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,538 shares of the industrial products company’s stock after purchasing an additional 44,666 shares during the quarter. Barclays PLC owned approximately 0.13% of TPI Composites worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TPIC. Bank of New York Mellon Corp increased its stake in TPI Composites by 26.9% in the second quarter. Bank of New York Mellon Corp now owns 156,765 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 33,275 shares during the last quarter. Rhumbline Advisers grew its position in TPI Composites by 30.6% during the second quarter. Rhumbline Advisers now owns 76,989 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 18,045 shares during the period. Los Angeles Capital Management LLC grew its position in TPI Composites by 78.1% during the second quarter. Los Angeles Capital Management LLC now owns 89,777 shares of the industrial products company’s stock valued at $358,000 after acquiring an additional 39,356 shares during the period. Monaco Asset Management SAM grew its position in TPI Composites by 20.0% during the second quarter. Monaco Asset Management SAM now owns 60,000 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 10,000 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of TPI Composites by 251.1% in the second quarter. Renaissance Technologies LLC now owns 58,686 shares of the industrial products company’s stock worth $234,000 after buying an additional 41,970 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

TPI Composites Stock Up 7.3 %

Shares of NASDAQ TPIC opened at $1.92 on Monday. The stock’s 50 day moving average price is $2.13 and its two-hundred day moving average price is $3.44. TPI Composites, Inc. has a 52-week low of $1.10 and a 52-week high of $5.75. The stock has a market capitalization of $91.32 million, a P/E ratio of -0.51 and a beta of 1.82.

About TPI Composites

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.