GSA Capital Partners LLP Increases Holdings in TreeHouse Foods, Inc. $THS

GSA Capital Partners LLP boosted its position in TreeHouse Foods, Inc. (NYSE:THS) by 63.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,070 shares of the company’s stock after purchasing an additional 27,885 shares during the period. GSA Capital Partners LLP owned about 0.14% of TreeHouse Foods worth $1,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in TreeHouse Foods by 320.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock valued at $26,000 after purchasing an additional 1,033 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of TreeHouse Foods by 430.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock worth $30,000 after buying an additional 1,185 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in TreeHouse Foods in the 2nd quarter valued at about $70,000. Jones Financial Companies Lllp increased its holdings in TreeHouse Foods by 12,606.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,812 shares of the company’s stock valued at $77,000 after acquiring an additional 3,782 shares in the last quarter. Finally, Strs Ohio acquired a new position in TreeHouse Foods during the third quarter worth about $87,000. 99.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Silver Point Capital L.P. bought 357,917 shares of TreeHouse Foods stock in a transaction that occurred on Tuesday, February 10th. The shares were purchased at an average price of $24.54 per share, for a total transaction of $8,783,283.18. Following the completion of the acquisition, the insider owned 5,408,000 shares of the company’s stock, valued at $132,712,320. The trade was a 7.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jana Partners Management, Lp sold 1,959,221 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $24.48, for a total value of $47,961,730.08. Following the sale, the director owned 3,862,116 shares of the company’s stock, valued at $94,544,599.68. This represents a 33.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 11.10% of the stock is currently owned by company insiders.

TreeHouse Foods Stock Performance

NYSE THS opened at $24.43 on Wednesday. The business’s 50-day moving average price is $24.10 and its 200 day moving average price is $21.33. The company has a current ratio of 1.29, a quick ratio of 0.40 and a debt-to-equity ratio of 1.18. TreeHouse Foods, Inc. has a twelve month low of $15.85 and a twelve month high of $40.77. The company has a market capitalization of $1.23 billion, a PE ratio of -5.09 and a beta of 0.18.

Wall Street Analyst Weigh In

Several research firms have recently commented on THS. William Blair lowered shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday, November 11th. Stifel Nicolaus increased their target price on TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 11th. Barclays boosted their price target on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Zacks Research upgraded TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Truist Financial lifted their price objective on TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.40.

About TreeHouse Foods

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.