Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Up 2.4% – Here’s What Happened

Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shares shot up 2.4% on Thursday . The company traded as high as $3.00 and last traded at $3.00. 14,458 shares traded hands during trading, a decline of 65% from the average session volume of 40,915 shares. The stock had previously closed at $2.93.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tile Shop Hldgs in a research report on Monday, December 29th. Wall Street Zen cut shares of Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Tile Shop Hldgs Trading Up 2.4%

The stock has a market capitalization of $118.71 million, a PE ratio of -75.00 and a beta of 1.20. The firm has a 50-day moving average price of $3.17 and a 200-day moving average price of $4.45.

Institutional Trading of Tile Shop Hldgs

Several hedge funds have recently added to or reduced their stakes in TTSH. FNY Investment Advisers LLC bought a new position in shares of Tile Shop Hldgs during the 4th quarter valued at approximately $94,000. JPMorgan Chase & Co. raised its holdings 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 worth $216,000 after purchasing an additional 6,756 shares during the period. Nomura Holdings Inc. lifted its stake in Tile Shop Hldgs by 9.1% in the third quarter. Nomura Holdings Inc. now owns 898,339 shares of the company’s stock valued at $5,435,000 after purchasing an additional 74,898 shares during the last quarter. Cannell Capital LLC lifted its stake in Tile Shop Hldgs by 10.9% in the third quarter. Cannell Capital LLC now owns 256,392 shares of the company’s stock valued at $1,551,000 after purchasing an additional 25,211 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Tile Shop Hldgs by 64.8% during the third quarter. BNP Paribas Financial Markets now owns 5,520 shares of the company’s stock valued at $33,000 after purchasing an additional 2,170 shares during the period. 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.