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

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

Tile Shop Hldgs Stock Performance

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

Hedge Funds Weigh In On Tile Shop Hldgs

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Tile Shop Hldgs by 64.8% during the third 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. Invesco Ltd. boosted its stake in 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 acquiring an additional 2,006 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Tile Shop Hldgs in the 1st quarter worth about $108,000. JPMorgan Chase & Co. raised its stake in shares of Tile Shop Hldgs by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company’s stock valued at $216,000 after purchasing an additional 6,756 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Tile Shop Hldgs by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 616,205 shares of the company’s stock valued at $3,919,000 after purchasing an additional 10,866 shares in the last quarter. 36.66% of the stock is 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.