Tile Shop Holdings, Inc. (NASDAQ:TTSH) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its holdings in shares of Tile Shop Holdings, Inc. (NASDAQ:TTSH) by 4.6% in the 2nd quarter, Holdings Channel reports. The fund owned 356,484 shares of the company’s stock after selling 17,000 shares during the period. First Eagle Investment Management LLC’s holdings in Tile Shop were worth $2,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fund 1 Investments LLC grew its stake in Tile Shop by 13.9% during the 4th quarter. Fund 1 Investments LLC now owns 5,100,446 shares of the company’s stock valued at $37,539,000 after purchasing an additional 620,899 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Tile Shop during the first quarter worth approximately $2,417,000. O Shaughnessy Asset Management LLC increased its stake in shares of Tile Shop by 5.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 140,548 shares of the company’s stock worth $988,000 after buying an additional 7,268 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Tile Shop by 9.2% in the first quarter. Janney Montgomery Scott LLC now owns 92,910 shares of the company’s stock valued at $653,000 after acquiring an additional 7,805 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Tile Shop during the 1st quarter valued at $413,000. 36.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tile Shop

In other news, major shareholder Fund 1 Investments, Llc purchased 20,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $5.88 per share, with a total value of $120,540.00. Following the transaction, the insider now owns 7,732,627 shares in the company, valued at approximately $45,467,846.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders bought 693,242 shares of company stock worth $4,658,042. 36.60% of the stock is currently owned by corporate insiders.

Tile Shop Price Performance

Shares of TTSH stock opened at $6.62 on Friday. The firm has a market cap of $294.76 million, a P/E ratio of 31.52 and a beta of 1.43. The firm has a fifty day moving average of $6.41 and a two-hundred day moving average of $6.64. Tile Shop Holdings, Inc. has a 1-year low of $4.33 and a 1-year high of $7.67.

Tile Shop (NASDAQ:TTSH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter. Tile Shop had a return on equity of 4.47% and a net margin of 1.50%. The business had revenue of $91.38 million during the quarter.

About Tile Shop

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.