Bank of New York Mellon Corp Buys 11,179 Shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH)

Bank of New York Mellon Corp raised its position in shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,763 shares of the company’s stock after buying an additional 11,179 shares during the quarter. Bank of New York Mellon Corp’s holdings in Tile Shop were worth $546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TTSH. JPMorgan Chase & Co. lifted its stake in shares of Tile Shop by 155.1% in the third quarter. JPMorgan Chase & Co. now owns 54,558 shares of the company’s stock worth $360,000 after buying an additional 33,171 shares in the last quarter. Barclays PLC boosted its position in shares of Tile Shop by 122.1% during the third quarter. Barclays PLC now owns 52,039 shares of the company’s stock valued at $343,000 after buying an additional 28,608 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Tile Shop during the fourth quarter valued at $86,000. Charles Schwab Investment Management Inc. increased its holdings in Tile Shop by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,751 shares of the company’s stock worth $578,000 after buying an additional 4,849 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Tile Shop by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 616,320 shares of the company’s stock worth $4,062,000 after buying an additional 1,957 shares during the last quarter. Institutional investors own 36.66% of the company’s stock.

Tile Shop Stock Performance

TTSH opened at $6.55 on Friday. The company’s 50-day simple moving average is $7.08 and its two-hundred day simple moving average is $6.80. Tile Shop Holdings, Inc. has a 52-week low of $5.68 and a 52-week high of $7.75. The stock has a market capitalization of $292.51 million, a P/E ratio of 81.89 and a beta of 1.45.

Tile Shop (NASDAQ:TTSH) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) earnings per share for the quarter. Tile Shop had a net margin of 1.02% and a return on equity of 2.94%. The company had revenue of $79.45 million for the quarter.

Tile Shop Profile

Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile.