First Mercantile Trust Co. boosted its stake in Tile Shop Holdings Inc. (NASDAQ:TTS) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,100 shares of the company’s stock after buying an additional 746 shares during the period. First Mercantile Trust Co.’s holdings in Tile Shop Holdings were worth $201,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Pacad Investment Ltd. bought a new stake in Tile Shop Holdings during the first quarter worth about $305,000. Algert Global LLC raised its stake in Tile Shop Holdings by 95.1% in the first quarter. Algert Global LLC now owns 27,535 shares of the company’s stock worth $411,000 after buying an additional 13,425 shares during the last quarter. Columbia Partners L L C Investment Management bought a new stake in Tile Shop Holdings during the first quarter worth about $1,360,000. Landscape Capital Management L.L.C. bought a new stake in Tile Shop Holdings during the first quarter worth about $688,000. Finally, Menta Capital LLC raised its stake in Tile Shop Holdings by 94.0% in the first quarter. Menta Capital LLC now owns 43,552 shares of the company’s stock worth $649,000 after buying an additional 21,102 shares during the last quarter. 64.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tile Shop Holdings Inc. (NASDAQ:TTS) opened at 16.70 on Tuesday. The firm has a market capitalization of $860.33 million, a P/E ratio of 40.73 and a beta of 2.07. Tile Shop Holdings Inc. has a 12-month low of $11.81 and a 12-month high of $21.05. The stock’s 50 day moving average price is $16.22 and its 200-day moving average price is $17.25.
Tile Shop Holdings (NASDAQ:TTS) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Tile Shop Holdings had a net margin of 6.75% and a return on equity of 18.43%. The business had revenue of $84.30 million for the quarter, compared to analyst estimates of $84.18 million. On average, equities analysts expect that Tile Shop Holdings Inc. will post $0.45 EPS for the current year.
A number of research firms recently issued reports on TTS. Zacks Investment Research lowered Tile Shop Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Citigroup Inc. cut their price target on Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.50.
In other Tile Shop Holdings news, Director Philip B. Livingston bought 4,920 shares of Tile Shop Holdings stock in a transaction that occurred on Tuesday, August 2nd. The stock was purchased at an average cost of $16.97 per share, for a total transaction of $83,492.40. Following the completion of the acquisition, the director now owns 4,568 shares of the company’s stock, valued at approximately $77,518.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Todd Krasnow sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $17.08, for a total transaction of $256,200.00. Following the sale, the director now owns 106,590 shares of the company’s stock, valued at $1,820,557.20. The disclosure for this sale can be found here. Corporate insiders own 26.10% of the company’s stock.
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