JPMorgan Chase & Co. Acquires 47,390 Shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH)

JPMorgan Chase & Co. grew its holdings in Tile Shop Holdings, Inc. (NASDAQ:TTSH - Free Report) by 86.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,948 shares of the company's stock after buying an additional 47,390 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.23% of Tile Shop worth $706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Tile Shop during the fourth quarter worth approximately $86,000. Purkiss Capital Advisors LLC bought a new position in Tile Shop in the 4th quarter valued at $103,000. Barclays PLC raised its position in shares of Tile Shop by 122.1% during the third quarter. Barclays PLC now owns 52,039 shares of the company's stock worth $343,000 after acquiring an additional 28,608 shares during the last quarter. Bank of New York Mellon Corp increased its position in Tile Shop by 16.5% in the fourth quarter. Bank of New York Mellon Corp now owns 78,763 shares of the company's stock worth $546,000 after purchasing an additional 11,179 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Tile Shop by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 616,320 shares of the company's stock worth $4,062,000 after purchasing an additional 1,957 shares during the last quarter. Institutional investors and hedge funds own 36.66% of the company's stock.

Tile Shop Price Performance

Shares of NASDAQ TTSH traded up $0.02 during mid-day trading on Monday, hitting $5.68. The company's stock had a trading volume of 1,945 shares, compared to its average volume of 84,092. Tile Shop Holdings, Inc. has a one year low of $5.15 and a one year high of $7.75. The company's fifty day simple moving average is $6.22 and its 200-day simple moving average is $6.68. The stock has a market cap of $254.25 million, a price-to-earnings ratio of 70.45 and a beta of 1.11.

Tile Shop (NASDAQ:TTSH - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.01) EPS for the quarter. The business had revenue of $79.45 million for the quarter. Tile Shop had a net margin of 1.02% and a return on equity of 2.94%.

About Tile Shop

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.