Amalgamated Bank Cuts Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Amalgamated Bank decreased its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 5.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,892 shares of the company’s stock after selling 851 shares during the period. Amalgamated Bank’s holdings in TreeHouse Foods were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Capital Research Global Investors raised its position in shares of TreeHouse Foods by 52.6% in the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after acquiring an additional 327,448 shares in the last quarter. Legato Capital Management LLC lifted its position in shares of TreeHouse Foods by 38.1% during the second quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock valued at $885,000 after buying an additional 6,666 shares during the last quarter. TD Asset Management Inc increased its position in shares of TreeHouse Foods by 7.3% during the second quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock worth $17,549,000 after purchasing an additional 32,600 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in TreeHouse Foods by 68.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock worth $12,803,000 after buying an additional 123,669 shares during the last quarter. Finally, Shapiro Capital Management LLC increased its position in TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after buying an additional 286,770 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on THS shares. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Barclays dropped their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday. Stifel Nicolaus lowered their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Mizuho upped their target price on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Stock Performance

THS opened at $32.40 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 12-month low of $28.04 and a 12-month high of $43.84. The firm has a 50 day moving average of $39.50 and a two-hundred day moving average of $38.21. The firm has a market capitalization of $1.66 billion, a PE ratio of -68.93 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. On average, analysts anticipate that TreeHouse Foods, Inc. will post 2.34 EPS for the current year.

Insider Buying and Selling at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at $879,994.56. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

TreeHouse Foods 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.