Tile Shop Hldgs (NASDAQ:TTSH) Trading 1.1% Higher - What's Next?

Key Points

• Tile Shop Hldgs shares rose 1.1% to $2.81 in midday trading, though volume was down 91% from the stock’s average daily level.
• The company has a market capitalization of approximately $111.2 million and trades at a negative P/E ratio of -70.25; its 50-day and 200-day moving averages are $2.91 and $3.05, respectively.
• Institutional investors own 36.66% of the stock, with firms including BNP Paribas, JPMorgan, Invesco and Geode Capital recently increasing their positions.

Tile Shop Hldgs, Inc. (NASDAQ:TTSH - Get Free Report) shares shot up 1.1% on Thursday . The stock traded as high as $2.81 and last traded at $2.81. Approximately 2,291 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 25,986 shares. The stock had previously closed at $2.78.

Tile Shop Hldgs Stock Up 1.1%

The company has a market cap of $111.19 million, a P/E ratio of -70.25 and a beta of 1.08. The firm's 50-day moving average price is $2.91 and its 200-day moving average price is $3.05.

Hedge Funds Weigh In On Tile Shop Hldgs

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in shares of Tile Shop Hldgs by 64.8% in the third quarter. BNP Paribas Financial Markets now owns 5,520 shares of the company's stock valued at $33,000 after purchasing an additional 2,170 shares in the last quarter. Invesco Ltd. lifted its holdings in Tile Shop Hldgs by 14.8% during the 2nd quarter. Invesco Ltd. now owns 15,528 shares of the company's stock worth $99,000 after purchasing an additional 2,006 shares in the last quarter. Jane Street Group LLC purchased a new stake in Tile Shop Hldgs during the 1st quarter worth about $108,000. JPMorgan Chase & Co. boosted its stake in Tile Shop Hldgs by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company's stock worth $216,000 after purchasing an additional 6,756 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Tile Shop Hldgs by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 616,205 shares of the company's stock worth $3,919,000 after purchasing an additional 10,866 shares during the period. 36.66% of the stock is owned by institutional investors.

Tile Shop Hldgs Company Profile

Tile Shop Holdings, Inc is a specialty retailer focused on the sale of ceramic, porcelain, glass and natural stone tile, as well as related installation materials and countertop surfaces. Through its network of retail stores and online platform, the company offers an extensive selection of field tile, mosaics, decos, trim, thin porcelain panels and full-slab natural stone products. Tile Shop also stocks a range of installation accessories, including grouts, mortars, tools and maintenance supplies, enabling a one-stop solution for both residential and commercial projects.

Founded in 1984 and headquartered in Plymouth, Minnesota, Tile Shop went public in 2012 and trades on the NASDAQ under the ticker TTSH.

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