Peoples Bank KS Boosts Stake in TPI Composites, Inc. (NASDAQ:TPIC)

Peoples Bank KS increased its holdings in shares of TPI Composites, Inc. (NASDAQ:TPIC) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,000 shares of the industrial products company’s stock after acquiring an additional 10,000 shares during the quarter. Peoples Bank KS’s holdings in TPI Composites were worth $38,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts have recently commented on TPIC shares. 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 target on the stock. Bank of America reduced their target price 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of TPI Composites in a research note on Thursday, December 12th. Finally, Morgan Stanley reissued an “underweight” rating and set a $2.00 price objective (down from $4.00) on shares of TPI Composites in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, TPI Composites currently has a consensus rating of “Hold” and a consensus target price of $4.58.

TPI Composites Stock Down 6.4 %

TPIC opened at $1.75 on Wednesday. TPI Composites, Inc. has a 52 week low of $1.10 and a 52 week high of $5.75. The business has a fifty day simple moving average of $2.07 and a 200-day simple moving average of $3.39. The firm has a market cap of $83.24 million, a P/E ratio of -0.47 and a beta of 1.82.

About TPI Composites

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.