Turning Point Brands Inc. (NYSE:TPB)‘s stock had its “buy” rating restated by FBR & Co in a report released on Tuesday.

Separately, Zacks Investment Research cut shares of Turning Point Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, October 13th.

Turning Point Brands (NYSE:TPB) opened at 14.06 on Tuesday. Turning Point Brands has a 12-month low of $6.46 and a 12-month high of $16.14. The company has a market capitalization of $257.87 million and a price-to-earnings ratio of 17.04. The stock’s 50 day moving average price is $13.15 and its 200 day moving average price is $11.74.

Turning Point Brands (NYSE:TPB) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.05. The business had revenue of $51 million for the quarter, compared to the consensus estimate of $50.75 million. Turning Point Brands’s revenue was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that Turning Point Brands will post $1.25 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in Turning Point Brands during the third quarter valued at $124,000. Wells Fargo & Company MN boosted its stake in 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 during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in 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 during the last quarter. Northern Trust Corp boosted its stake in 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 during the last quarter. Finally, Standard General L.P. boosted its stake in Turning Point Brands by 4.5% in the third quarter. Standard General L.P. now owns 10,175,463 shares of the company’s stock valued at $122,309,000 after buying an additional 442,558 shares during the last quarter. Institutional investors and hedge funds own 66.93% of the company’s stock.

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Turning Point Brands Company Profile

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.

5 Day Chart for NYSE:TPB

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