Spark Investment Management LLC Raises Stake in Tupperware Brands Co. (TUP)

Spark Investment Management LLC grew its holdings in Tupperware Brands Co. (NYSE:TUP) by 438.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,200 shares of the company’s stock after purchasing an additional 407,300 shares during the period. Spark Investment Management LLC’s holdings in Tupperware Brands were worth $12,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Tupperware Brands by 264.9% in the first quarter. Quadrant Capital Group LLC now owns 1,029 shares of the company’s stock valued at $25,000 after purchasing an additional 747 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Tupperware Brands during the 1st quarter worth approximately $27,000. Acadian Asset Management LLC bought a new position in shares of Tupperware Brands during the 4th quarter worth approximately $33,000. Trustcore Financial Services LLC bought a new position in shares of Tupperware Brands during the 1st quarter worth approximately $33,000. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Tupperware Brands during the 4th quarter worth approximately $47,000. Institutional investors own 85.34% of the company’s stock.

Shares of Tupperware Brands stock traded down $0.22 during trading on Friday, reaching $22.82. 2,294 shares of the company’s stock were exchanged, compared to its average volume of 780,649. Tupperware Brands Co. has a 1-year low of $21.81 and a 1-year high of $46.33. The stock has a market capitalization of $1.12 billion, a P/E ratio of 5.32, a price-to-earnings-growth ratio of 0.48 and a beta of 0.80.

Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, April 24th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Tupperware Brands had a negative return on equity of 102.79% and a net margin of 7.80%. The firm had revenue of $487.30 million during the quarter, compared to analyst estimates of $496.60 million. During the same period in the previous year, the company earned $0.91 EPS. Tupperware Brands’s revenue for the quarter was down 10.2% on a year-over-year basis. As a group, research analysts anticipate that Tupperware Brands Co. will post 4.02 earnings per share for the current year.

TUP has been the subject of several research analyst reports. TheStreet upgraded Tupperware Brands from a “d+” rating to a “c” rating in a research note on Friday, March 15th. Zacks Investment Research raised Tupperware Brands from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Tupperware Brands currently has an average rating of “Hold” and an average target price of $36.75.

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Tupperware Brands Profile

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.

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Institutional Ownership by Quarter for Tupperware Brands (NYSE:TUP)

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