Element Partners Ii Intrafund Sells 67,767 Shares of TPI Composites Inc (TPIC) Stock

TPI Composites Inc (NASDAQ:TPIC) major shareholder Element Partners Ii Intrafund sold 67,767 shares of the stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $24.67, for a total transaction of $1,671,811.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Element Partners Ii Intrafund also recently made the following trade(s):

  • On Monday, October 29th, Element Partners Ii Intrafund sold 4,796 shares of TPI Composites stock. The shares were sold at an average price of $25.01, for a total transaction of $119,947.96.
  • On Tuesday, October 16th, Element Partners Ii Intrafund sold 129,104 shares of TPI Composites stock. The shares were sold at an average price of $25.29, for a total transaction of $3,265,040.16.
  • On Monday, October 8th, Element Partners Ii Intrafund sold 143,287 shares of TPI Composites stock. The shares were sold at an average price of $26.43, for a total transaction of $3,787,075.41.
  • On Friday, September 21st, Element Partners Ii Intrafund sold 117,534 shares of TPI Composites stock. The stock was sold at an average price of $28.08, for a total transaction of $3,300,354.72.
  • On Tuesday, September 18th, Element Partners Ii Intrafund sold 111,679 shares of TPI Composites stock. The stock was sold at an average price of $27.56, for a total transaction of $3,077,873.24.
  • On Thursday, September 13th, Element Partners Ii Intrafund sold 116,670 shares of TPI Composites stock. The stock was sold at an average price of $27.62, for a total transaction of $3,222,425.40.
  • On Monday, September 10th, Element Partners Ii Intrafund sold 94,650 shares of TPI Composites stock. The stock was sold at an average price of $27.39, for a total transaction of $2,592,463.50.
  • On Wednesday, September 5th, Element Partners Ii Intrafund sold 134,392 shares of TPI Composites stock. The stock was sold at an average price of $27.32, for a total transaction of $3,671,589.44.
  • On Tuesday, August 28th, Element Partners Ii Intrafund sold 223,182 shares of TPI Composites stock. The stock was sold at an average price of $28.56, for a total transaction of $6,374,077.92.

TPI Composites stock traded up $0.53 during trading hours on Friday, reaching $25.53. 117,993 shares of the company’s stock traded hands, compared to its average volume of 391,064. The company has a current ratio of 1.55, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41. TPI Composites Inc has a fifty-two week low of $16.35 and a fifty-two week high of $32.22. The company has a market cap of $862.77 million, a PE ratio of 20.42 and a beta of 0.13.

TPI Composites (NASDAQ:TPIC) last released its earnings results on Wednesday, November 7th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.34. TPI Composites had a net margin of 2.03% and a return on equity of 5.74%. The company had revenue of $255.00 million for the quarter, compared to the consensus estimate of $258.35 million. During the same period in the prior year, the company posted $0.62 EPS. The company’s revenue was up .6% compared to the same quarter last year. Research analysts forecast that TPI Composites Inc will post 0.36 EPS for the current year.

A number of equities research analysts have commented on the stock. JMP Securities increased their price objective on shares of TPI Composites from $36.00 to $38.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 8th. BidaskClub raised shares of TPI Composites from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Morgan Stanley increased their price objective on shares of TPI Composites from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. TheStreet lowered shares of TPI Composites from a “b-” rating to a “c” rating in a report on Wednesday, August 22nd. Finally, ValuEngine lowered shares of TPI Composites from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $34.61.

A number of institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its position in TPI Composites by 10.6% during the 2nd quarter. Alps Advisors Inc. now owns 23,222 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 2,218 shares during the period. Keybank National Association OH lifted its position in TPI Composites by 16.1% during the 3rd quarter. Keybank National Association OH now owns 16,648 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 2,312 shares during the period. Teachers Advisors LLC lifted its position in TPI Composites by 9.6% during the 3rd quarter. Teachers Advisors LLC now owns 28,989 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 2,536 shares during the period. First Quadrant L P CA raised its position in shares of TPI Composites by 155.0% in the 3rd quarter. First Quadrant L P CA now owns 4,852 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 2,949 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of TPI Composites by 23.7% in the 3rd quarter. Alliancebernstein L.P. now owns 17,200 shares of the industrial products company’s stock valued at $491,000 after acquiring an additional 3,300 shares during the period. Institutional investors own 54.72% of the company’s stock.

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About TPI Composites

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.

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