Atria Investments Inc Sells 13,640 Shares of TPI Composites, Inc. (NASDAQ:TPIC)

Atria Investments Inc trimmed its position in TPI Composites, Inc. (NASDAQ:TPIC) by 17.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,244 shares of the industrial products company’s stock after selling 13,640 shares during the period. Atria Investments Inc owned approximately 0.14% of TPI Composites worth $301,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TPIC. SG Americas Securities LLC bought a new stake in TPI Composites in the 2nd quarter valued at approximately $44,000. State Board of Administration of Florida Retirement System lifted its position in shares of TPI Composites by 55.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,680 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 5,930 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $100,000 after purchasing an additional 3,737 shares during the last quarter. Renaissance Technologies LLC grew its position in TPI Composites by 251.1% in the second quarter. Renaissance Technologies LLC now owns 58,686 shares of the industrial products company’s stock valued at $234,000 after purchasing an additional 41,970 shares in the last quarter. Finally, Interval Partners LP acquired a new stake in TPI Composites in the 2nd quarter valued at $235,000. 75.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TPIC has been the subject of several analyst reports. Piper Sandler raised their price objective on TPI Composites from $3.50 to $3.70 and gave the company a “neutral” rating in a report on Monday, August 12th. Bank of America lowered their price target on TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. 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 objective for the company. 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. Finally, Evercore ISI upgraded shares of TPI Composites to a “strong-buy” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.58.

TPI Composites Trading Up 3.6 %

TPIC stock opened at $2.02 on Friday. TPI Composites, Inc. has a 1-year low of $1.90 and a 1-year high of $5.75. The business’s 50 day simple moving average is $3.72 and its 200 day simple moving average is $4.06. The firm has a market capitalization of $96.08 million, a PE ratio of -0.55 and a beta of 1.93.

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.