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

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

Tile Shop Hldgs Price Performance

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Tile Shop Hldgs by 23.4% in the third 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. Nomura Holdings Inc. boosted its stake in Tile Shop Hldgs by 9.1% during the third quarter. Nomura Holdings Inc. now owns 898,339 shares of the company’s stock valued at $5,435,000 after buying an additional 74,898 shares during the period. BNP Paribas Financial Markets boosted its stake in Tile Shop Hldgs by 64.8% during the third quarter. BNP Paribas Financial Markets now owns 5,520 shares of the company’s stock valued at $33,000 after buying an additional 2,170 shares during the period. Vanguard Group Inc. grew its position in Tile Shop Hldgs by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,333,172 shares of the company’s stock worth $8,066,000 after buying an additional 20,901 shares in the last quarter. Finally, Invesco Ltd. grew its position in Tile Shop Hldgs by 14.8% during the second quarter. Invesco Ltd. now owns 15,528 shares of the company’s stock worth $99,000 after buying an additional 2,006 shares in the last quarter. 36.66% of the stock is currently owned by hedge funds and other institutional investors.

About Tile Shop Hldgs

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.