Riverbridge Partners Lowers stake in Tile Shop Hldgs (TTS)

Tile Shop Hldgs (TTS) : Riverbridge Partners reduced its stake in Tile Shop Hldgs by 5.36% during the most recent quarter end. The investment management company now holds a total of 1,819,125 shares of Tile Shop Hldgs which is valued at $30,979,699 after selling 103,055 shares in Tile Shop Hldgs , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Tile Shop Hldgs makes up approximately 0.62% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Diversified Trust Co sold out all of its stake in TTS during the most recent quarter. The investment firm sold 12,259 shares of TTS which is valued $213,552.Old Mutual Global Investors (uk) Ltd. reduced its stake in TTS by selling 72,699 shares or 89.37% in the most recent quarter. The Hedge Fund company now holds 8,644 shares of TTS which is valued at $147,121. Acadian Asset Management added TTS to its portfolio by purchasing 11,621 company shares during the most recent quarter which is valued at $205,575.Zelman Capital reduced its stake in TTS by selling 167,000 shares or 77.74% in the most recent quarter. The Hedge Fund company now holds 47,825 shares of TTS which is valued at $974,674. Tile Shop Hldgs makes up approx 0.48% of Zelman Capital’s portfolio.

Tile Shop Hldgs closed down -0.02 points or -0.12% at $17.01 with 1,67,922 shares getting traded on Thursday. Post opening the session at $17.01, the shares hit an intraday low of $16.95 and an intraday high of $17.23 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Tile Shop Hldgs reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.13. The company had revenue of $84.27 million for the quarter, compared to analysts expectations of $84.40 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

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