Amalgamated Bank Reduces Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Amalgamated Bank decreased its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 5.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,743 shares of the company’s stock after selling 921 shares during the period. Amalgamated Bank’s holdings in TreeHouse Foods were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Keene & Associates Inc. purchased a new stake in TreeHouse Foods during the 2nd quarter worth about $384,000. TradeLink Capital LLC purchased a new stake in TreeHouse Foods during the 2nd quarter worth about $581,000. Quest Partners LLC lifted its holdings in TreeHouse Foods by 173.1% during the 2nd quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock worth $124,000 after purchasing an additional 2,147 shares in the last quarter. New South Capital Management Inc. lifted its holdings in TreeHouse Foods by 22.4% during the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock worth $50,217,000 after purchasing an additional 250,399 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in TreeHouse Foods by 7.3% during the 2nd quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock worth $17,549,000 after purchasing an additional 32,600 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock opened at $42.04 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $2.21 billion, a PE ratio of 91.39 and a beta of 0.22. The business’s 50-day moving average price is $40.28 and its 200-day moving average price is $37.94. TreeHouse Foods, Inc. has a 12 month low of $33.28 and a 12 month high of $44.27.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16. The firm had revenue of $788.50 million for the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 2.34 EPS for the current fiscal year.

Insider Activity

In other news, EVP Kristy N. Waterman sold 3,000 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now directly owns 20,784 shares in the company, valued at approximately $879,994.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on THS. Stifel Nicolaus increased their price objective on TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Mizuho upped their target price on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Barclays upped their target price on TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.00.

TreeHouse Foods Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.