Peter Schliemann increased its stake in The Container Store Group Inc (TCS) by 218.17% based on its latest 2016Q3 regulatory filing with the SEC. Rutabaga Capital Management Llc bought 1.15 million shares as the company’s stock declined 7.38% while stock markets rallied. The hedge fund run by Peter Schliemann held 1.68M shares of the home furnishings company at the end of 2016Q3, valued at $8.18 million, up from 527,039 at the end of the previous reported quarter. Rutabaga Capital Management Llc who had been investing in The Container Store Group Inc for a number of months, seems to be bullish on the $280.80 million market cap company. The stock increased 2.62% or $0.15 during the last trading session, hitting $5.88. Container Store Group Inc (NYSE:TCS) has risen 6.52% since June 7, 2016 and is uptrending. It has underperformed by 0.90% the S&P500.
Rutabaga Capital Management Llc, which manages about $1.07B and $499.31 million US Long portfolio, decreased its stake in Blue Nile Inc. (NASDAQ:NILE) by 535,929 shares to 192,181 shares, valued at $6.71 million in 2016Q3, according to the filing. It also reduced its holding in Powell Industries Inc (NASDAQ:POWL) by 156,628 shares in the quarter, leaving it with 355,535 shares, and cut its stake in Harsco Corp (NYSE:HSC).
Rutabaga Capital Management Llc is a Massachusetts-based hedge fund that was founded by Peter Schliemann. It had more than $1.07 billion assets under management in March, 2014. Taken from Rutabaga Capital Management latest Adv, the fund reported to have 9 full and part-time employees. Among which 7 performing investment advisory and research functions. The hedge fund had between 11-25 clients.
Insitutional Activity: The institutional sentiment decreased to 1.44 in Q3 2016. Its down 0.32, from 1.76 in 2016Q2. The ratio dropped, as 14 funds sold all TCS shares owned while 13 reduced positions. 9 funds bought stakes while 30 increased positions. They now own 38.48 million shares or 0.25% more from 38.39 million shares in 2016Q2. Citadel Advsr Ltd Co, a Illinois-based fund reported 64,672 shares. California State Teachers Retirement System holds 0% or 33,238 shares in its portfolio. Tudor Investment Et Al accumulated 14,760 shares or 0% of the stock. Blackrock Grp Inc Ltd has 6,027 shares for 0% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Container Store Group Inc (NYSE:TCS). Moreover, Northern Corp has 0% invested in Container Store Group Inc (NYSE:TCS) for 311,951 shares. Nationwide Fund Advisors last reported 34,741 shares in the company. Blackrock Institutional Trust Co Na holds 0% of its portfolio in Container Store Group Inc (NYSE:TCS) for 425,443 shares. Parametric Associate Ltd Liability accumulated 0% or 137,715 shares. Schwab Charles Inc accumulated 0% or 58,409 shares. Tower Capital Llc (Trc) owns 300 shares or 0% of their US portfolio. Geode Capital Mgmt Lc reported 116,054 shares or 0% of all its holdings. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Container Store Group Inc (NYSE:TCS). Us Bancorporation De last reported 0% of its portfolio in the stock. Crescent Cap Gp LP last reported 4.65% of its portfolio in the stock.
Insider Transactions: Since August 23, 2016, the stock had 2 insider buys, and 0 selling transactions for $29,915 net activity. 2,750 Container Store Group Inc (NYSE:TCS) shares with value of $15,015 were bought by STERN CARYL.
More notable recent Container Store Group Inc (NYSE:TCS) news were published by: Fool.com which released: “Why Shares of The Container Store Group Inc Tumbled 57% in 2015” on January 06, 2016, also Fool.com with their article: “Why Container Store Group Inc. Stock Fell 10% on Tuesday” published on March 09, 2016, Fool.com published: “Why The Container Store Group, Inc. Stock Plummeted Today” on January 08, 2016. More interesting news about Container Store Group Inc (NYSE:TCS) were released by: Fool.com and their article: “Why Did The Container Store Group, Inc. Gain 21% in April?” published on May 07, 2016 as well as Fool.com‘s news article titled: “Why The Container Store Group, Inc. Stock Plunged Today” with publication date: January 25, 2016.
According to Zacks Investment Research, “The Container Store Group, Inc. operates as a specialty retailer of storage and organization products in the United States. The company operates in two segments, TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center. Elfa segment designs and manufactures component-based shelving and drawer systems that are customizable for any area of the home, including closets, kitchens, offices and garages. The Container Store Group, Inc. is headquartered in Coppell, Texas.”
Container Store Group Inc (NYSE:TCS) Ratings Coverage
Out of 6 analysts covering Container Store Group Inc (NYSE:TCS), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Container Store Group Inc has been the topic of 9 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Bank of America on Friday, December 11. The stock of Container Store Group Inc (NYSE:TCS) earned “Hold” rating by BB&T Capital on Thursday, August 20. The company was maintained on Wednesday, April 6 by Goldman Sachs. The rating was initiated by Goldman Sachs on Thursday, December 17 with “Neutral”. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, April 26. As per Friday, January 8, the company rating was maintained by Credit Suisse. The firm earned “Neutral” rating on Friday, January 8 by JP Morgan. The stock of Container Store Group Inc (NYSE:TCS) earned “Hold” rating by Sterne Agee CRT on Sunday, August 16.
TCS Company Profile
The Container Store Group, Inc., incorporated on June 29, 2007, is a specialty retailer of storage and organization products. The Company’s divisions include The Container Store (TCS), Elfa and Corporate/Other. The Firm merchandises over 11,000 products in each of its stores and online. The Company’s stores are organized into various lifestyle departments, which include Bath, Box, Closets, Collections, Containers, Custom Closets, Food Storage, Gift Packaging, Hooks, Kitchen, Laundry, Office, Shelving, Storage, Trash and Travel. The Bath department’s products include Countertop Organizers, Cosmetic and Jewelry Organizers, Shower and Bathtub Organizers, Drawer Organization and Cabinet Storage. The Box department’s products include Corrugated Boxes, Packing Material, Tape, Storage Bags and Specialty Boxes. The Closets department’s products include Shoe Racks, Hangers, Drawer Organizers, Boxes and Bins, Hanging Storage Bags and Garment Racks. The Collections department’s products include Media Storage, Photo Storage, Display, Small Craft and Parts Organizers. The Containers department’s products include Small Boxes, Small Baskets, Tins, Divided Boxes and Decorative Containers.
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