TPI Composites, Inc. (NASDAQ:TPIC) Holdings Lowered by Jane Street Group LLC

Jane Street Group LLC lowered its stake in TPI Composites, Inc. (NASDAQ:TPIC) by 13.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,884 shares of the industrial products company’s stock after selling 10,725 shares during the quarter. Jane Street Group LLC owned approximately 0.14% of TPI Composites worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

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

TPI Composites Trading Down 6.3 %

Shares of TPI Composites stock opened at $1.64 on Friday. TPI Composites, Inc. has a 1 year low of $1.10 and a 1 year high of $5.75. The company’s fifty day simple moving average is $2.00 and its 200-day simple moving average is $3.37. The company has a market cap of $78.00 million, a price-to-earnings ratio of -0.44 and a beta of 1.82.

Analysts Set New Price Targets

TPIC has been the topic of a number of research analyst reports. Jefferies Financial Group started coverage on TPI Composites in a report on Thursday, October 17th. They set a “hold” rating and a $5.00 price target on the stock. Bank of America lowered their price target on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. restated a “neutral” rating on shares of TPI Composites in a report on Thursday, December 12th. Finally, Morgan Stanley restated an “underweight” rating and set 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. Based on data from MarketBeat, TPI Composites currently has an average rating of “Hold” and a consensus 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.