Sustainable Insight Capital Management LLC Invests $80,000 in TPI Composites, Inc. (NASDAQ:TPIC)

Sustainable Insight Capital Management LLC bought a new stake in TPI Composites, Inc. (NASDAQ:TPIC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 42,400 shares of the industrial products company’s stock, valued at approximately $80,000. Sustainable Insight Capital Management LLC owned 0.09% of TPI Composites as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cedar Point Capital Partners LLC boosted its holdings in shares of TPI Composites by 100.0% in the fourth quarter. Cedar Point Capital Partners LLC now owns 20,000 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 10,000 shares during the period. Peoples Bank KS increased its stake in TPI Composites by 100.0% in the fourth quarter. Peoples Bank KS now owns 20,000 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of TPI Composites by 433.6% in the third quarter. JPMorgan Chase & Co. now owns 145,666 shares of the industrial products company’s stock valued at $663,000 after buying an additional 118,365 shares during the last quarter. Barclays PLC boosted its stake in shares of TPI Composites by 281.4% during the third quarter. Barclays PLC now owns 60,538 shares of the industrial products company’s stock worth $275,000 after buying an additional 44,666 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of TPI Composites during the third quarter worth about $57,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

TPI Composites Trading Down 3.8 %

Shares of TPIC opened at $1.51 on Friday. TPI Composites, Inc. has a 52-week low of $1.10 and a 52-week high of $5.75. The company has a 50-day simple moving average of $1.74 and a 200-day simple moving average of $3.21.

TPI Composites (NASDAQ:TPIC) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.47). The company had revenue of $380.76 million for the quarter, compared to analyst estimates of $346.50 million. During the same quarter in the previous year, the company earned ($1.71) EPS. As a group, research analysts anticipate that TPI Composites, Inc. will post -3.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TPIC shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of TPI Composites in a research report on Thursday, December 12th. Morgan Stanley reaffirmed an “underweight” rating and set a $2.00 price target (down from $4.00) on shares of TPI Composites in a report on Friday, November 15th. Bank of America dropped their price objective on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Jefferies Financial Group initiated coverage on shares of TPI Composites in a research note on Thursday, October 17th. They issued a “hold” rating and a $5.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TPI Composites presently has an average rating of “Hold” and an average price target of $4.58.

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.