Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Down 3.1% – Here’s Why

Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shares were down 3.1% during mid-day trading on Wednesday . The company traded as low as $2.85 and last traded at $2.86. 1,971 shares traded hands during trading, a decline of 93% from the average daily volume of 27,787 shares. The stock had previously closed at $2.95.

Tile Shop Hldgs Stock Performance

The business’s 50 day moving average price is $2.90 and its 200-day moving average price is $3.14. The company has a market cap of $117.12 million, a price-to-earnings ratio of -74.00 and a beta of 1.07.

Institutional Investors Weigh In On Tile Shop Hldgs

Several large investors have recently modified their holdings of TTSH. Vanguard Group Inc. lifted its position in shares of Tile Shop Hldgs by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,333,172 shares of the company’s stock worth $8,066,000 after buying an additional 20,901 shares during the period. Nomura Holdings Inc. boosted its stake in Tile Shop Hldgs by 9.1% in the 3rd quarter. Nomura Holdings Inc. now owns 898,339 shares of the company’s stock valued at $5,435,000 after buying an additional 74,898 shares in the last quarter. Geode Capital Management LLC grew its position in Tile Shop Hldgs by 1.8% in the second quarter. Geode Capital Management LLC now owns 616,205 shares of the company’s stock valued at $3,919,000 after acquiring an additional 10,866 shares during the period. JPMorgan Chase & Co. grew its position in Tile Shop Hldgs by 23.4% in the third quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company’s stock valued at $216,000 after acquiring an additional 6,756 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Tile Shop Hldgs during the fourth quarter worth $94,000. 36.66% of the stock is currently owned by institutional investors.

Tile Shop Hldgs Company Profile

Tile Shop Holdings, Inc is a specialty retailer focused on the sale of ceramic, porcelain, glass and natural stone tile, as well as related installation materials and countertop surfaces. Through its network of retail stores and online platform, the company offers an extensive selection of field tile, mosaics, decos, trim, thin porcelain panels and full-slab natural stone products. Tile Shop also stocks a range of installation accessories, including grouts, mortars, tools and maintenance supplies, enabling a one-stop solution for both residential and commercial projects.

Founded in 1984 and headquartered in Plymouth, Minnesota, Tile Shop went public in 2012 and trades on the NASDAQ under the ticker TTSH.