Quinn Opportunity Partners LLC Buys 195,287 Shares of TreeHouse Foods, Inc. $THS

Quinn Opportunity Partners LLC lifted its position in TreeHouse Foods, Inc. (NYSE:THS) by 311.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 257,968 shares of the company’s stock after purchasing an additional 195,287 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.51% of TreeHouse Foods worth $5,010,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in THS. Hsbc Holdings PLC grew its holdings in shares of TreeHouse Foods by 8.8% in the first quarter. Hsbc Holdings PLC now owns 9,814 shares of the company’s stock valued at $268,000 after purchasing an additional 790 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of TreeHouse Foods by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company’s stock worth $750,000 after purchasing an additional 838 shares during the period. HighTower Advisors LLC boosted its holdings in shares of TreeHouse Foods by 8.9% in the 1st quarter. HighTower Advisors LLC now owns 10,520 shares of the company’s stock worth $285,000 after purchasing an additional 861 shares during the period. Blue Trust Inc. increased its position in shares of TreeHouse Foods by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock valued at $56,000 after purchasing an additional 968 shares during the last quarter. Finally, Comerica Bank raised its holdings in TreeHouse Foods by 4.5% during the 1st quarter. Comerica Bank now owns 29,472 shares of the company’s stock valued at $798,000 after buying an additional 1,265 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Stock Up 0.2%

Shares of NYSE THS opened at $23.41 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.38 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $18.85 and a 200 day moving average of $20.09. The stock has a market cap of $1.18 billion, a PE ratio of -4.88 and a beta of 0.25. TreeHouse Foods, Inc. has a 12-month low of $15.85 and a 12-month high of $40.77.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.10). The company had revenue of $840.30 million for the quarter, compared to analysts’ expectations of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned ($0.07) EPS. As a group, sell-side analysts predict that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on THS. Stifel Nicolaus lifted their price objective on shares of TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday. Barclays raised their price target on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday. William Blair reissued a “market perform” rating on shares of TreeHouse Foods in a research report on Tuesday. Mizuho dropped their price target on TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Finally, Zacks Research lowered shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $24.25.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.