Tile Shop Hldgs (TTS) : Wall Street Associates reduced its stake in Tile Shop Hldgs by 10.39% during the most recent quarter end. The investment management company now holds a total of 229,521 shares of Tile Shop Hldgs which is valued at $4 Million after selling 26,600 shares in Tile Shop Hldgs , the firm said in a disclosure report filed with the SEC on May 13, 2016.Tile Shop Hldgs makes up approximately 1.70% of Wall Street Associates’s portfolio.
Other Hedge Funds, Including , Geode Capital Management boosted its stake in TTS in the latest quarter, The investment management firm added 48,377 additional shares and now holds a total of 228,176 shares of Tile Shop Hldgs which is valued at $4 Million. Gsa Capital Partners Llp sold out all of its stake in TTS during the most recent quarter. The investment firm sold 10,693 shares of TTS which is valued $186,272. Columbia Partners L L C Investment Management added TTS to its portfolio by purchasing 91,278 company shares during the most recent quarter which is valued at $1.6 Million. Tile Shop Hldgs makes up approx 0.12% of Columbia Partners L L C Investment Management’s portfolio.Blackrock Fund Advisors reduced its stake in TTS by selling 27,937 shares or 4.17% in the most recent quarter. The Hedge Fund company now holds 641,582 shares of TTS which is valued at $11.2 Million. Quantbot Technologies Lp added TTS to its portfolio by purchasing 1,159 company shares during the most recent quarter which is valued at $20,677.
Tile Shop Hldgs opened for trading at $18.07 and hit $18.24 on the upside on Wednesday, eventually ending the session at $18.13, with a gain of 0.55% or 0.1 points. The heightened volatility saw the trading volume jump to 1,73,732 shares. Company has a market cap of $934 M.
On the company’s financial health, Tile Shop Hldgs reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.11. The company had revenue of $84.70 million for the quarter, compared to analysts expectations of $80.48 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on Tile Shop Hldgs. Company shares were Reiterated by Telsey Advisory Group on Apr 19, 2016 to “Market Perform”, Firm has raised the Price Target to $ 19 from a previous price target of $17 .Northland Capital Initiated Tile Shop Hldgs on Apr 6, 2016 to “Outperform”, Price Target of the shares are set at $19.50.