Huber Capital Management Lowers stake in Tupperware Brands Corporation (TUP)

Tupperware Brands Corporation (TUP) : Huber Capital Management reduced its stake in Tupperware Brands Corporation by 0.52% during the most recent quarter end. The investment management company now holds a total of 1,551,488 shares of Tupperware Brands Corporation which is valued at $84.6 Million after selling 8,170 shares in Tupperware Brands Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Tupperware Brands Corporation makes up approximately 3.36% of Huber Capital Management’s portfolio.

Other Hedge Funds, Including , Boston Partners added TUP to its portfolio by purchasing 61,153 company shares during the most recent quarter which is valued at $3.3 Million. Airain Ltd added TUP to its portfolio by purchasing 6,827 company shares during the most recent quarter which is valued at $372,481. Tupperware Brands Corporation makes up approx 0.03% of Airain Ltd’s portfolio. Sandy Spring Bank sold out all of its stake in TUP during the most recent quarter. The investment firm sold 120 shares of TUP which is valued $6,799.

Tupperware Brands Corporation opened for trading at $53.91 and hit $54.55 on the upside on Friday, eventually ending the session at $54.33, with a gain of 0.84% or 0.45 points. The heightened volatility saw the trading volume jump to 4,48,679 shares. Company has a market cap of $2,744 M.

On the company’s financial health, Tupperware Brands Corporation reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.86. The company had revenue of $525.70 million for the quarter, compared to analysts expectations of $527.01 million. The company’s revenue was down -9.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Tupperware Brands Corporation. Company shares were Reiterated by Piper Jaffray on Mar 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .Tupperware Brands Corporation was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Feb 26, 2016.

Tupperware Brands Corporation (Tupperware Brands) is a global direct-to-consumer company engaged in the manufacture and sale of Tupperware products and cosmetics and personal care products. The Company’s Europe Asia Pacific and Tupperware North America segments offer storage and serving solutions for the kitchen and home through the Tupperware brand. Europe segment includes Avroy Shlain which sells beauty and personal care products. Asia Pacific segment sells beauty and personal care products under the NaturCare Nutrimetics and Fuller brands. The Company’s Beauty North America segment offers cosmetics skin care and personal care products marketed under the BeautiControl brand in the United States Canada and Puerto Rico and the Armand Dupree and Fuller Cosmetics brands in Mexico and Central America. The Company’s South America segment offers both housewares and beauty products under the Armand Dupree Fuller Nuvo and Tupperware brands.

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