Numeric Investors LLC lowered its stake in shares of Tile Shop Hldgs, Inc. (NASDAQ:TTS) by 11.2% during the fourth quarter, Holdings Channel reports. The firm owned 167,300 shares of the company’s stock after selling 21,150 shares during the period. Numeric Investors LLC owned about 0.32% of Tile Shop Hldgs worth $3,271,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its position in shares of Tile Shop Hldgs by 110.2% in the third quarter. BlackRock Fund Advisors now owns 2,772,557 shares of the company’s stock worth $45,886,000 after buying an additional 1,453,460 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Tile Shop Hldgs during the third quarter worth approximately $10,362,000. Principal Financial Group Inc. increased its position in shares of Tile Shop Hldgs by 55.7% in the third quarter. Principal Financial Group Inc. now owns 824,742 shares of the company’s stock worth $13,649,000 after buying an additional 295,172 shares during the last quarter. Advisory Research Inc. acquired a new position in shares of Tile Shop Hldgs during the fourth quarter worth approximately $3,152,000. Finally, Bank of New York Mellon Corp increased its position in shares of Tile Shop Hldgs by 43.6% in the third quarter. Bank of New York Mellon Corp now owns 501,617 shares of the company’s stock worth $8,302,000 after buying an additional 152,362 shares during the last quarter. 69.92% of the stock is owned by institutional investors and hedge funds.
Tile Shop Hldgs, Inc. (NASDAQ:TTS) traded down 1.11% during mid-day trading on Monday, reaching $17.75. 92,209 shares of the company were exchanged. The company has a 50 day moving average of $18.67 and a 200-day moving average of $18.10. The company has a market capitalization of $916.06 million, a price-to-earnings ratio of 49.44 and a beta of 2.07. Tile Shop Hldgs, Inc. has a 1-year low of $12.55 and a 1-year high of $21.40.
Tile Shop Hldgs (NASDAQ:TTS) last released its earnings results on Tuesday, February 14th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $76.60 million for the quarter, compared to analysts’ expectations of $78.41 million. Tile Shop Hldgs had a return on equity of 18.35% and a net margin of 6.88%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. On average, equities research analysts forecast that Tile Shop Hldgs, Inc. will post $0.54 EPS for the current year.
The business also recently announced a special dividend, which will be paid on Friday, March 24th. Stockholders of record on Tuesday, March 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 10th.
Separately, Zacks Investment Research downgraded shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Saturday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Tile Shop Hldgs currently has a consensus rating of “Hold” and a consensus price target of $19.70.
In other news, Director Robert A. Rucker sold 50,000 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $19.57, for a total transaction of $978,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 26.10% of the stock is owned by insiders.