Turning Point Brands Inc. (NYSE:TPB) issued its earnings results on Thursday. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.05. The company earned $51 million during the quarter, compared to analysts’ expectations of $50.75 million. The business’s revenue for the quarter was down .8% on a year-over-year basis.

Turning Point Brands (NYSE:TPB) opened at 15.13 on Thursday. The stock has a market cap of $270.83 million and a PE ratio of 16.52. Turning Point Brands has a 52 week low of $6.46 and a 52 week high of $16.14. The stock has a 50 day moving average price of $12.76 and a 200 day moving average price of $11.54.

A number of large investors have recently made changes to their positions in TPB. Northern Trust Corp raised its stake in shares of Turning Point Brands by 382.1% in the third quarter. Northern Trust Corp now owns 58,625 shares of the company’s stock valued at $705,000 after buying an additional 46,465 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Turning Point Brands by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,915 shares of the company’s stock valued at $480,000 after buying an additional 172 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Turning Point Brands during the third quarter valued at approximately $124,000. Finally, Wells Fargo & Company MN raised its stake in shares of Turning Point Brands by 6.0% in the third quarter. Wells Fargo & Company MN now owns 27,636 shares of the company’s stock valued at $332,000 after buying an additional 1,561 shares in the last quarter. Institutional investors own 68.02% of the company’s stock.

Several equities research analysts have commented on the company. FBR & Co restated a “buy” rating on shares of Turning Point Brands in a research report on Tuesday, August 16th. Zacks Investment Research downgraded Turning Point Brands from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 13th.

About Turning Point Brands

Turning Point Brands, Inc, formerly North Atlantic Holding Company, Inc, is a provider of Other Tobacco Products (OTP) in the United States. The Company operates through three segments: smokeless products, smoking products and NewGen products. The Smokeless products market consists of approximately four product categories, which includes loose leaf chewing tobacco, Moist Snuff, Moist Snuff Pouches and Snus.

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