Kornitzer Capital Management Inc. KS increased its stake in Tile Shop Holdings, Inc. (NASDAQ:TTS) by 109.2% in the 4th quarter, Holdings Channel reports. The firm owned 150,000 shares of the company’s stock after purchasing an additional 78,300 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Tile Shop were worth $1,440,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of TTS. Fox Run Management L.L.C. acquired a new position in shares of Tile Shop during the fourth quarter worth approximately $187,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Tile Shop by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 170,638 shares of the company’s stock worth $1,639,000 after buying an additional 7,020 shares during the last quarter. Skylands Capital LLC lifted its holdings in shares of Tile Shop by 10.2% during the fourth quarter. Skylands Capital LLC now owns 699,058 shares of the company’s stock worth $6,711,000 after buying an additional 64,808 shares during the last quarter. Adams Asset Advisors LLC acquired a new position in shares of Tile Shop during the fourth quarter worth approximately $1,137,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of Tile Shop by 119.1% during the third quarter. GSA Capital Partners LLP now owns 97,518 shares of the company’s stock worth $1,238,000 after buying an additional 53,018 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.
In other news, Director Peter J. Jacullo III acquired 187,828 shares of the stock in a transaction dated Thursday, December 7th. The shares were acquired at an average cost of $8.48 per share, for a total transaction of $1,592,781.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Todd Krasnow acquired 10,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $9.01 per share, for a total transaction of $90,100.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 247,828 shares of company stock worth $2,101,381. 24.30% of the stock is currently owned by company insiders.
A number of research analysts have recently commented on TTS shares. TheStreet lowered Tile Shop from a “b-” rating to a “c” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded Tile Shop from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. BidaskClub upgraded Tile Shop from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. Loop Capital cut their price target on Tile Shop from $12.00 to $9.00 and set a “hold” rating for the company in a report on Friday, October 13th. Finally, Citigroup cut their price target on Tile Shop from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.92.
Shares of Tile Shop Holdings, Inc. (NASDAQ:TTS) opened at $8.30 on Tuesday. The stock has a market capitalization of $443.34, a P/E ratio of 23.06, a PEG ratio of 0.80 and a beta of 1.60. The company has a current ratio of 1.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.04. Tile Shop Holdings, Inc. has a 1 year low of $8.08 and a 1 year high of $22.40.
About Tile Shop
Tile Shop Holdings, Inc operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,000 products, including ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.
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