GSA Capital Partners LLP Lowers Holdings in The Container Store Group, Inc. (NYSE:TCS)

GSA Capital Partners LLP trimmed its position in The Container Store Group, Inc. (NYSE:TCS) by 93.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,830 shares of the specialty retailer’s stock after selling 443,210 shares during the quarter. GSA Capital Partners LLP owned about 0.95% of The Container Store Group worth $304,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TCS. Renaissance Technologies LLC increased its stake in The Container Store Group by 21.0% during the second quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 15,300 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in The Container Store Group during the second quarter worth $165,000. Jacobs Levy Equity Management Inc. purchased a new stake in The Container Store Group during the first quarter worth $490,000. Finally, Zazove Associates LLC lifted its holdings in The Container Store Group by 72.6% during the first quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock worth $536,000 after buying an additional 197,831 shares during the period. 67.11% of the stock is owned by institutional investors.

The Container Store Group Price Performance

NYSE TCS opened at $3.97 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 1.29. The firm has a fifty day moving average price of $8.69. The Container Store Group, Inc. has a 1 year low of $3.50 and a 1 year high of $37.80. The firm has a market cap of $13.70 million, a P/E ratio of -0.13 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded The Container Store Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st.

The Container Store Group Company Profile

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.