Atria Investments Inc Has $301,000 Holdings in TPI Composites, Inc. (NASDAQ:TPIC)

Atria Investments Inc lowered its position in shares of 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. The firm owned 66,244 shares of the industrial products company’s stock after selling 13,640 shares during the period. Atria Investments Inc’s holdings in TPI Composites were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TPIC. Price T Rowe Associates Inc. MD grew its holdings in TPI Composites by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,347 shares of the industrial products company’s stock valued at $100,000 after buying an additional 3,737 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake 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 valued at $49,000 after acquiring an additional 5,930 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its position in TPI Composites by 8.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 115,644 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 8,550 shares during the period. Monaco Asset Management SAM raised its stake in TPI Composites by 20.0% in the 2nd quarter. Monaco Asset Management SAM now owns 60,000 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 10,000 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in TPI Composites in the 2nd quarter valued at about $44,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TPIC has been the topic of several recent research reports. Piper Sandler raised their target price on shares of TPI Composites from $3.50 to $3.70 and gave the stock a “neutral” rating in a report on Monday, August 12th. Bank of America dropped their price objective on TPI Composites from $7.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Morgan Stanley reissued 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. Evercore ISI raised TPI Composites to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group began coverage on shares of TPI Composites in a research report on Thursday, October 17th. They set a “hold” rating and a $5.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.58.

TPI Composites Stock Up 3.6 %

Shares of TPIC stock opened at $2.02 on Friday. The business has a fifty day simple moving average of $3.72 and a 200 day simple moving average of $4.06. The company has a market cap of $96.08 million, a P/E ratio of -0.55 and a beta of 1.93. TPI Composites, Inc. has a twelve month low of $1.90 and a twelve month high of $5.75.

TPI Composites 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.