TPI Composites, Inc. (NASDAQ:TPIC) Shares Purchased by Peoples Bank KS

Peoples Bank KS raised its stake in TPI Composites, Inc. (NASDAQ:TPIC) by 100.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,000 shares of the industrial products company’s stock after purchasing an additional 10,000 shares during the quarter. Peoples Bank KS’s holdings in TPI Composites were worth $38,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantinno Capital Management LP purchased a new stake in shares of TPI Composites during the third quarter worth approximately $57,000. Intech Investment Management LLC purchased a new stake in shares of TPI Composites in the 3rd quarter valued at approximately $65,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of TPI Composites in the 3rd quarter valued at $88,000. Quantbot Technologies LP raised its holdings in shares of TPI Composites by 24.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,391 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 5,653 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of TPI Composites during the 3rd quarter worth $155,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on TPIC shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of TPI Composites in a report on Thursday, December 12th. Morgan Stanley reissued an “underweight” rating and set a $2.00 target price (down previously from $4.00) on shares of TPI Composites in a research report on Friday, November 15th. Bank of America decreased their target price on TPI Composites from $7.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Jefferies Financial Group assumed coverage on shares of TPI Composites in a research note on Thursday, October 17th. They issued a “hold” rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.58.

TPI Composites Stock Performance

TPI Composites stock opened at $1.75 on Wednesday. The stock has a 50-day simple moving average of $2.07 and a 200-day simple moving average of $3.39. The company has a market capitalization of $83.24 million, a P/E ratio of -0.47 and a beta of 1.82. TPI Composites, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $5.75.

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.