Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Down 2% – Here’s Why

Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shares dropped 2% during mid-day trading on Monday . The company traded as low as $6.43 and last traded at $6.44. Approximately 17,811 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 42,659 shares. The stock had previously closed at $6.57.

Tile Shop Hldgs Stock Down 2.0%

The business’s fifty day moving average is $6.44 and its 200-day moving average is $6.38.

Tile Shop Hldgs (NASDAQ:TTSH) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $88.26 million for the quarter. Tile Shop Hldgs had a negative net margin of 0.01% and a negative return on equity of 0.02%.

Institutional Investors Weigh In On Tile Shop Hldgs

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new stake in Tile Shop Hldgs during the 4th quarter worth approximately $80,000. Price T Rowe Associates Inc. MD bought a new stake in Tile Shop Hldgs during the 4th quarter worth approximately $83,000. MetLife Investment Management LLC raised its stake in Tile Shop Hldgs by 36.8% during the 4th quarter. MetLife Investment Management LLC now owns 14,601 shares of the company’s stock worth $101,000 after acquiring an additional 3,926 shares during the period. Invesco Ltd. raised 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 worth $99,000 after acquiring an additional 2,006 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Tile Shop Hldgs by 34.1% during the 4th quarter. Wells Fargo & Company MN now owns 15,622 shares of the company’s stock worth $108,000 after acquiring an additional 3,975 shares during the period. Institutional investors own 36.66% of the company’s stock.

About Tile Shop Hldgs

Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile.