Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Down 3.1% – What’s Next?

Tile Shop Hldgs, Inc. (NASDAQ:TTSH)’s stock price fell 3.1% during trading on Wednesday . The company traded as low as $2.85 and last traded at $2.86. Approximately 1,971 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 27,787 shares. The stock had previously closed at $2.95.

Tile Shop Hldgs Stock Performance

The stock has a market capitalization of $113.17 million, a PE ratio of -71.50 and a beta of 1.07. The business’s 50-day moving average is $2.90 and its two-hundred day moving average is $3.14.

Institutional Investors Weigh In On Tile Shop Hldgs

Several institutional investors have recently made changes to their positions in TTSH. BNP Paribas Financial Markets boosted 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 worth $33,000 after buying an additional 2,170 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Tile Shop Hldgs by 14.8% during the second 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 acquired a new stake in shares of Tile Shop Hldgs during the 1st quarter worth about $108,000. FNY Investment Advisers LLC purchased a new stake in Tile Shop Hldgs in the 4th quarter worth approximately $94,000. Finally, JPMorgan Chase & Co. grew its position in shares of Tile Shop Hldgs by 23.4% in the third 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 during the period. 36.66% of the stock is currently owned by hedge funds and other institutional investors.

About Tile Shop Hldgs

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.