Exchange Traded Concepts LLC grew its holdings in TreeHouse Foods, Inc. (NYSE:THS – Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,029 shares of the company’s stock after purchasing an additional 2,556 shares during the quarter. Exchange Traded Concepts LLC owned about 0.12% of TreeHouse Foods worth $1,205,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in THS. Sessa Capital IM L.P. grew its position in shares of TreeHouse Foods by 29.5% in the first quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock valued at $113,778,000 after purchasing an additional 957,517 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of TreeHouse Foods in the first quarter valued at about $6,730,000. Dark Forest Capital Management LP acquired a new stake in shares of TreeHouse Foods in the first quarter valued at about $5,798,000. Voloridge Investment Management LLC acquired a new stake in shares of TreeHouse Foods in the fourth quarter valued at about $5,613,000. Finally, Empowered Funds LLC acquired a new stake in shares of TreeHouse Foods in the first quarter valued at about $4,021,000. 99.81% of the stock is owned by institutional investors and hedge funds.
TreeHouse Foods Stock Performance
NYSE:THS opened at $17.05 on Tuesday. TreeHouse Foods, Inc. has a 1 year low of $17.01 and a 1 year high of $42.55. The firm has a 50 day moving average of $18.79 and a 200-day moving average of $21.60. The company has a current ratio of 1.26, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $861.03 million, a P/E ratio of 43.72 and a beta of 0.26.
Analyst Ratings Changes
THS has been the subject of several research reports. Mizuho reduced their target price on shares of TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Stifel Nicolaus reduced their target price on shares of TreeHouse Foods from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Finally, Barclays reduced their target price on shares of TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 15th. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, TreeHouse Foods currently has a consensus rating of “Hold” and an average price target of $24.00.
Get Our Latest Stock Report on THS
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.
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