Tile Shop Hldgs (NASDAQ:TTSH) Shares Up 1.1% – Here’s What Happened

Tile Shop Hldgs, Inc. (NASDAQ:TTSH)’s stock price shot up 1.1% during trading on Friday . The stock traded as high as $2.99 and last traded at $2.88. 646 shares were traded during mid-day trading, a decline of 98% from the average session volume of 31,719 shares. The stock had previously closed at $2.85.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tile Shop Hldgs has an average rating of “Sell”.

Tile Shop Hldgs Trading Up 1.1%

The stock’s 50-day moving average is $2.93 and its 200-day moving average is $3.75. The firm has a market capitalization of $113.96 million, a price-to-earnings ratio of -72.00 and a beta of 1.08.

Hedge Funds Weigh In On Tile Shop Hldgs

A number of institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in Tile Shop Hldgs during the 4th quarter worth approximately $94,000. JPMorgan Chase & Co. increased its position in Tile Shop Hldgs by 23.4% during 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 in the last quarter. Nomura Holdings Inc. increased its position in Tile Shop Hldgs by 9.1% during the 3rd quarter. Nomura Holdings Inc. now owns 898,339 shares of the company’s stock worth $5,435,000 after purchasing an additional 74,898 shares in the last quarter. Cannell Capital LLC increased its position in Tile Shop Hldgs by 10.9% during the 3rd quarter. Cannell Capital LLC now owns 256,392 shares of the company’s stock worth $1,551,000 after purchasing an additional 25,211 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Tile Shop Hldgs by 64.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,520 shares of the company’s stock worth $33,000 after purchasing an additional 2,170 shares in the last quarter. 36.66% of the stock is currently owned by institutional investors and hedge funds.

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.