PNC Financial Services Group Inc. cut its position in shares of Tile Shop Holdings Inc. (NASDAQ:TTS) by 42.1% during the second quarter, Holdings Channel reports. The fund owned 9,527 shares of the company’s stock after selling 6,937 shares during the period. PNC Financial Services Group Inc.’s holdings in Tile Shop Holdings were worth $190,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Tile Shop Holdings during the second quarter valued at $1,346,000. Loomis Sayles & Co. L P purchased a new stake in Tile Shop Holdings during the first quarter valued at $11,194,000. Nuveen Asset Management LLC raised its stake in Tile Shop Holdings by 1.7% in the first quarter. Nuveen Asset Management LLC now owns 76,679 shares of the company’s stock valued at $1,143,000 after buying an additional 1,256 shares during the period. Credit Agricole S A raised its stake in Tile Shop Holdings by 13.6% in the first quarter. Credit Agricole S A now owns 114,686 shares of the company’s stock valued at $1,710,000 after buying an additional 13,721 shares during the period. Finally, TD Asset Management Inc. raised its stake in Tile Shop Holdings by 30.3% in the second quarter. TD Asset Management Inc. now owns 20,200 shares of the company’s stock valued at $402,000 after buying an additional 4,700 shares during the period. 64.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tile Shop Holdings Inc. (NASDAQ:TTS) traded up 1.331% during midday trading on Thursday, reaching $17.125. 295,752 shares of the company’s stock traded hands. The firm has a market cap of $882.23 million, a PE ratio of 41.768 and a beta of 2.07. Tile Shop Holdings Inc. has a 52-week low of $11.81 and a 52-week high of $21.05. The company has a 50 day moving average of $16.22 and a 200 day moving average of $17.26.
Tile Shop Holdings (NASDAQ:TTS) last posted its earnings results on Tuesday, July 19th. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Tile Shop Holdings had a net margin of 6.75% and a return on equity of 18.43%. The firm had revenue of $84.30 million for the quarter, compared to analyst estimates of $84.18 million. On average, equities analysts predict that Tile Shop Holdings Inc. will post $0.45 EPS for the current fiscal year.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Tile Shop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Citigroup Inc. dropped their price objective on shares of Tile Shop Holdings from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, August 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.
In other news, Director Todd Krasnow sold 45,000 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $17.20, for a total value of $774,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Philip B. Livingston acquired 4,920 shares of Tile Shop Holdings stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average cost of $16.97 per share, for a total transaction of $83,492.40. Following the completion of the purchase, the director now owns 4,568 shares in the company, valued at approximately $77,518.96. The disclosure for this purchase can be found here. 26.10% of the stock is currently owned by insiders.
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