Alyeska Investment Group L.P. Acquires New Position in TSS Inc. $TSSI

Key Points

• Alyeska Investment Group acquired 155,594 TSS shares worth approximately $1.9 million, representing a 0.55% stake. Several other institutional investors, including Millennium Management, Vanguard and UBS, also increased their positions.
• Analyst sentiment is mixed but leans positive: TSS has a consensus rating of “Moderate Buy” and an average price target of $16.17, although Needham lowered its target from $16 to $13 while retaining a buy rating.
• TSS reported quarterly EPS of $0.05, below the $0.08 consensus estimate, on revenue of $35.14 million. The stock opened at $7.86, near its 12-month low of $6.87 and well below its 12-month high of $21.77.

Alyeska Investment Group L.P. bought a new position in shares of TSS Inc. (NASDAQ:TSSI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 155,594 shares of the company's stock, valued at approximately $1,914,000. Alyeska Investment Group L.P. owned 0.55% of TSS at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TSSI. Millennium Management LLC boosted its stake in shares of TSS by 81.9% in the fourth quarter. Millennium Management LLC now owns 865,350 shares of the company's stock valued at $6,118,000 after buying an additional 389,497 shares in the last quarter. Raymond James Financial Inc. purchased a new position in TSS in the second quarter worth $8,862,000. Vanguard Group Inc. lifted its holdings in TSS by 31.2% in the third quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company's stock valued at $22,474,000 after acquiring an additional 294,971 shares during the period. UBS Group AG lifted its holdings in TSS by 188.1% in the fourth quarter. UBS Group AG now owns 316,456 shares of the company's stock valued at $2,237,000 after acquiring an additional 206,600 shares during the period. Finally, Arosa Capital Management LP purchased a new stake in shares of TSS during the 4th quarter worth $1,414,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Needham & Company LLC decreased their price objective on shares of TSS from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, August 14th. Weiss Ratings cut shares of TSS from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of TSS from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.17.

TSS Stock Performance

Shares of TSSI opened at $7.86 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a market cap of $221.81 million, a P/E ratio of 16.38 and a beta of 2.01. The company has a 50-day moving average of $10.29 and a two-hundred day moving average of $11.62. TSS Inc. has a 12-month low of $6.87 and a 12-month high of $21.77.

TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). TSS had a net margin of 7.44% and a return on equity of 19.22%. The business had revenue of $35.14 million during the quarter. As a group, research analysts predict that TSS Inc. will post 0.24 EPS for the current fiscal year.

TSS Profile

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.

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