Geode Capital Management LLC Buys 1,957 Shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH)

Geode Capital Management LLC lifted its position in Tile Shop Holdings, Inc. (NASDAQ:TTSH) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 616,320 shares of the company’s stock after purchasing an additional 1,957 shares during the quarter. Geode Capital Management LLC owned about 1.38% of Tile Shop worth $4,062,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TTSH. The Manufacturers Life Insurance Company raised its holdings in shares of Tile Shop by 30.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,398 shares of the company’s stock worth $93,000 after acquiring an additional 3,145 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Tile Shop in the 2nd quarter worth $157,000. Barclays PLC increased its holdings in shares of Tile Shop by 122.1% in the 3rd quarter. Barclays PLC now owns 52,039 shares of the company’s stock worth $343,000 after buying an additional 28,608 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Tile Shop by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,751 shares of the company’s stock worth $578,000 after acquiring an additional 4,849 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Tile Shop by 15.2% during the second quarter. Bank of New York Mellon Corp now owns 86,960 shares of the company’s stock worth $603,000 after buying an additional 11,456 shares during the period. 36.66% of the stock is currently owned by hedge funds and other institutional investors.

Tile Shop Price Performance

Shares of NASDAQ:TTSH opened at $7.08 on Monday. The business has a 50 day simple moving average of $6.72 and a two-hundred day simple moving average of $6.61. Tile Shop Holdings, Inc. has a 1 year low of $5.68 and a 1 year high of $7.50. The firm has a market capitalization of $316.19 million, a PE ratio of 88.51 and a beta of 1.43.

Insider Activity at Tile Shop

In other news, major shareholder Fund 1 Investments, Llc bought 4,700 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was acquired at an average cost of $6.43 per share, with a total value of $30,221.00. Following the transaction, the insider now directly owns 7,949,169 shares in the company, valued at approximately $51,113,156.67. This trade represents a 0.06 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 26,700 shares of company stock worth $174,021 in the last quarter. 36.60% of the stock is owned by company insiders.

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.