Fund 1 Investments LLC boosted its stake in shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,227,208 shares of the company's stock after acquiring an additional 2,321,865 shares during the period. Tile Shop accounts for about 6.7% of Fund 1 Investments LLC's portfolio, making the stock its 3rd biggest position. Fund 1 Investments LLC owned about 25.14% of Tile Shop worth $77,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in TTSH. JPMorgan Chase & Co. increased its stake in shares of Tile Shop by 86.9% in the 4th quarter. JPMorgan Chase & Co. now owns 101,948 shares of the company's stock valued at $706,000 after purchasing an additional 47,390 shares during the last quarter. Barclays PLC increased its stake in shares of Tile Shop by 122.1% in the 3rd quarter. Barclays PLC now owns 52,039 shares of the company's stock valued at $343,000 after purchasing an additional 28,608 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Tile Shop in the 4th quarter valued at $86,000. Orvieto Partners L.P. bought a new position in shares of Tile Shop in the 4th quarter valued at $5,136,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Tile Shop by 16.5% in the 4th quarter. Bank of New York Mellon Corp now owns 78,763 shares of the company's stock valued at $546,000 after purchasing an additional 11,179 shares during the last quarter. Institutional investors own 36.66% of the company's stock.
Tile Shop Stock Up 3.5%
Shares of TTSH traded up $0.21 during midday trading on Friday, hitting $6.28. The company's stock had a trading volume of 81,824 shares, compared to its average volume of 90,252. Tile Shop Holdings, Inc. has a one year low of $4.62 and a one year high of $7.75. The company's fifty day simple moving average is $6.06 and its two-hundred day simple moving average is $6.64. The stock has a market capitalization of $280.90 million, a price-to-earnings ratio of 78.51 and a beta of 1.11.
Tile Shop (NASDAQ:TTSH - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter. Tile Shop had a net margin of 1.02% and a return on equity of 2.94%. The business had revenue of $79.45 million during the quarter.
About Tile Shop
(
Free Report)
Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile.
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