Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Up 0.2% – Still a Buy?

Shares of Tile Shop Hldgs, Inc. (NASDAQ:TTSH) traded up 0.2% during mid-day trading on Thursday . The company traded as high as $2.5241 and last traded at $2.5241. 920 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 24,549 shares. The stock had previously closed at $2.52.

Tile Shop Hldgs Trading Up 1.0%

The stock has a 50-day simple moving average of $2.81 and a 200 day simple moving average of $2.96. The company has a market cap of $100.90 million, a price-to-earnings ratio of -63.75 and a beta of 1.05.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TTSH. Invesco Ltd. raised its stake in shares of Tile Shop Hldgs by 14.8% during the 2nd quarter. Invesco Ltd. now owns 15,528 shares of the company’s stock valued at $99,000 after buying an additional 2,006 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of 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 acquiring an additional 2,170 shares in the last quarter. JPMorgan Chase & Co. raised its position in Tile Shop Hldgs by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company’s stock worth $216,000 after acquiring an additional 6,756 shares during the period. Geode Capital Management LLC boosted its stake in shares of Tile Shop Hldgs by 1.8% in the second quarter. Geode Capital Management LLC now owns 616,205 shares of the company’s stock worth $3,919,000 after acquiring an additional 10,866 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Tile Shop Hldgs during the first quarter worth about $108,000. Hedge funds and other institutional investors own 36.66% of the company’s stock.

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.