Y Intercept Hong Kong Ltd Purchases 21,686 Shares of TreeHouse Foods, Inc. $THS

Y Intercept Hong Kong Ltd increased its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 28.2% in the third quarter, HoldingsChannel reports. The firm owned 98,452 shares of the company’s stock after buying an additional 21,686 shares during the period. Y Intercept Hong Kong Ltd’s holdings in TreeHouse Foods were worth $1,990,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TreeHouse Foods by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company’s stock valued at $750,000 after buying an additional 838 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in TreeHouse Foods by 7.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,669 shares of the company’s stock valued at $227,000 after acquiring an additional 857 shares during the period. Blue Trust Inc. raised its stake in TreeHouse Foods by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock valued at $56,000 after acquiring an additional 968 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in TreeHouse Foods by 320.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock valued at $26,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in TreeHouse Foods by 11.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,096 shares of the company’s stock worth $215,000 after purchasing an additional 1,111 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

TreeHouse Foods stock opened at $24.67 on Thursday. The stock has a 50-day moving average price of $23.85 and a two-hundred day moving average price of $20.91. TreeHouse Foods, Inc. has a 12 month low of $15.85 and a 12 month high of $40.77. The company has a market capitalization of $1.25 billion, a PE ratio of -5.14 and a beta of 0.17. The company has a current ratio of 1.29, a quick ratio of 0.40 and a debt-to-equity ratio of 1.18.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The business had revenue of $841.90 million for the quarter, compared to analyst estimates of $853.53 million. During the same quarter last year, the firm posted ($0.07) EPS. TreeHouse Foods’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on THS. Zacks Research raised shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. William Blair lowered shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday, December 29th. Truist Financial upped their target price on TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research report on Thursday, November 13th. Finally, Barclays increased their target price on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $24.67.

Insider Buying and Selling

In other TreeHouse Foods news, SVP Stephen Alan Landry sold 6,097 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total transaction of $145,047.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.10% of the stock is owned by insiders.

TreeHouse Foods Profile

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.