Tile Shop Hldgs (NASDAQ:TTSH) Trading Down 2% - Should You Sell?

Key Points

• Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shares fell by 2% during mid-day trading, trading as low as $6.43, with a significant decline in trading volume.
• The company reported earnings of $0.01 per share for the most recent quarter, with revenue at $88.26 million, reflecting a negative net margin and return on equity.
• Institutional investors are actively managing their stakes in Tile Shop, with notable increases in holdings from firms like MetLife Investment Management and Wells Fargo & Company.

Tile Shop Hldgs, Inc. (NASDAQ:TTSH - Get Free Report) shares were down 2% during mid-day trading on Monday . The company traded as low as $6.43 and last traded at $6.44. Approximately 17,811 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 42,659 shares. The stock had previously closed at $6.57.

Tile Shop Hldgs Price Performance

The business has a fifty day simple moving average of $6.47 and a 200-day simple moving average of $6.35.

Tile Shop Hldgs (NASDAQ:TTSH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Tile Shop Hldgs had a negative return on equity of 0.02% and a negative net margin of 0.01%.The business had revenue of $88.26 million during the quarter.

Institutional Investors Weigh In On Tile Shop Hldgs

Several institutional investors and hedge funds have recently made changes to their positions in TTSH. Deutsche Bank AG acquired a new stake in shares of Tile Shop Hldgs in the fourth quarter valued at about $80,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Tile Shop Hldgs during the 4th quarter valued at about $83,000. Invesco Ltd. boosted its position in shares of Tile Shop Hldgs by 14.8% during the 2nd quarter. Invesco Ltd. now owns 15,528 shares of the company's stock valued at $99,000 after purchasing an additional 2,006 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Tile Shop Hldgs by 36.8% during the 4th quarter. MetLife Investment Management LLC now owns 14,601 shares of the company's stock valued at $101,000 after purchasing an additional 3,926 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Tile Shop Hldgs by 34.1% during the 4th quarter. Wells Fargo & Company MN now owns 15,622 shares of the company's stock valued at $108,000 after purchasing an additional 3,975 shares in the last quarter. Institutional investors and hedge funds own 36.66% of the company's stock.

About Tile Shop Hldgs

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.