Fort Sheridan Advisors LLC Has $117,000 Position in TPI Composites, Inc. (NASDAQ:TPIC)

Fort Sheridan Advisors LLC lowered its position in shares of TPI Composites, Inc. (NASDAQ:TPICFree Report) by 17.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,220 shares of the industrial products company’s stock after selling 9,589 shares during the quarter. Fort Sheridan Advisors LLC owned 0.10% of TPI Composites worth $117,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TPIC. FMR LLC raised its position in shares of TPI Composites by 0.7% during the second quarter. FMR LLC now owns 63,693 shares of the industrial products company’s stock worth $796,000 after purchasing an additional 437 shares during the period. Rhumbline Advisers increased its stake in TPI Composites by 3.3% during the 1st quarter. Rhumbline Advisers now owns 40,171 shares of the industrial products company’s stock worth $565,000 after purchasing an additional 1,275 shares in the last quarter. Nia Impact Advisors LLC raised its holdings in TPI Composites by 0.9% during the 2nd quarter. Nia Impact Advisors LLC now owns 176,279 shares of the industrial products company’s stock worth $1,130,000 after buying an additional 1,611 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in TPI Composites by 8.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,354 shares of the industrial products company’s stock valued at $267,000 after buying an additional 1,952 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of TPI Composites by 11.3% in the second quarter. MetLife Investment Management LLC now owns 21,871 shares of the industrial products company’s stock valued at $227,000 after buying an additional 2,222 shares during the period. Institutional investors and hedge funds own 93.45% of the company’s stock.

TPI Composites Stock Down 3.0 %

TPIC stock opened at $2.62 on Monday. The company has a market cap of $111.53 million, a price-to-earnings ratio of -0.46 and a beta of 2.03. TPI Composites, Inc. has a twelve month low of $1.63 and a twelve month high of $14.58. The business has a 50 day moving average price of $3.09 and a two-hundred day moving average price of $3.64.

TPI Composites (NASDAQ:TPICGet Free Report) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($1.71) EPS for the quarter, missing the consensus estimate of ($0.62) by ($1.09). The company had revenue of $372.86 million during the quarter, compared to analyst estimates of $377.81 million. TPI Composites had a negative net margin of 11.97% and a negative return on equity of 623.20%. On average, equities research analysts anticipate that TPI Composites, Inc. will post -5.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TPIC. Morgan Stanley dropped their price objective on shares of TPI Composites from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, December 8th. JPMorgan Chase & Co. dropped their price target on TPI Composites from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, TPI Composites currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Get Our Latest Stock Analysis on TPI Composites

TPI Composites Profile

(Free Report)

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company 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.

Further Reading

Want to see what other hedge funds are holding TPIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPI Composites, Inc. (NASDAQ:TPICFree Report).

Institutional Ownership by Quarter for TPI Composites (NASDAQ:TPIC)

Receive News & Ratings for TPI Composites Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites and related companies with MarketBeat.com's FREE daily email newsletter.