Kornitzer Capital Management Inc. KS increased its stake in Tile Shop Holdings, Inc. (NASDAQ:TTS) by 109.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the company’s stock after purchasing an additional 78,300 shares during the period. Kornitzer Capital Management Inc. KS owned 0.29% of Tile Shop worth $1,440,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. HL Financial Services LLC acquired a new stake in Tile Shop in the 3rd quarter valued at about $130,000. Crossmark Global Holdings Inc. bought a new position in Tile Shop in the 3rd quarter valued at about $144,000. Yorktown Management & Research Co Inc bought a new position in Tile Shop in the 3rd quarter valued at about $145,000. Trexquant Investment LP bought a new position in shares of Tile Shop during the third quarter worth approximately $168,000. Finally, HAP Trading LLC increased its holdings in shares of Tile Shop by 68.1% during the third quarter. HAP Trading LLC now owns 16,896 shares of the company’s stock worth $215,000 after purchasing an additional 6,843 shares during the period. Hedge funds and other institutional investors own 62.63% of the company’s stock.
TTS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub upgraded shares of Tile Shop from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. Loop Capital reissued a “hold” rating on shares of Tile Shop in a research note on Friday, October 27th. Finally, Citigroup lowered their target price on shares of Tile Shop from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.92.
In other Tile Shop news, Director Todd Krasnow purchased 10,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were bought at an average price of $9.01 per share, with a total value of $90,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter J. Jacullo III purchased 50,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of $8.37 per share, for a total transaction of $418,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 247,828 shares of company stock worth $2,101,381. Corporate insiders own 24.30% of the company’s stock.
Tile Shop Holdings, Inc. (NASDAQ TTS) traded down $0.20 during trading on Tuesday, reaching $8.20. 540,000 shares of the company traded hands, compared to its average volume of 710,905. Tile Shop Holdings, Inc. has a 1-year low of $7.95 and a 1-year high of $22.40. The stock has a market capitalization of $438.13, a PE ratio of 22.78, a PEG ratio of 0.79 and a beta of 1.60. The company has a current ratio of 1.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.04.
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Tile Shop Company Profile
Tile Shop Holdings, Inc operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,000 products, including ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.
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