Value Aligned Research Advisors LLC Sells 199,012 Shares of TSS Inc. $TSSI

Value Aligned Research Advisors LLC reduced its holdings in shares of TSS Inc. (NASDAQ:TSSI) by 43.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 261,498 shares of the company’s stock after selling 199,012 shares during the period. Value Aligned Research Advisors LLC’s holdings in TSS were worth $3,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in TSS by 81.9% during the fourth quarter. Millennium Management LLC now owns 865,350 shares of the company’s stock worth $6,118,000 after purchasing an additional 389,497 shares during the period. Raymond James Financial Inc. bought a new stake in shares of TSS in the 2nd quarter valued at approximately $8,862,000. Vanguard Group Inc. raised its holdings in shares of TSS by 31.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company’s stock worth $22,474,000 after buying an additional 294,971 shares in the last quarter. UBS Group AG lifted its position in shares of TSS by 188.1% during the 4th quarter. UBS Group AG now owns 316,456 shares of the company’s stock worth $2,237,000 after buying an additional 206,600 shares during the period. Finally, Arosa Capital Management LP bought a new position in shares of TSS during the 4th quarter worth approximately $1,414,000.

TSS Stock Down 0.9%

Shares of TSSI opened at $8.43 on Friday. The company has a market capitalization of $237.89 million, a P/E ratio of 17.56 and a beta of 2.09. TSS Inc. has a one year low of $6.87 and a one year high of $21.77. The business’s 50 day simple moving average is $10.61 and its 200-day simple moving average is $11.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 1.38.

TSS (NASDAQ:TSSI) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). TSS had a net margin of 7.44% and a return on equity of 19.22%. The business had revenue of $35.14 million for the quarter. As a group, sell-side analysts predict that TSS Inc. will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling at TSS

In other news, SVP Kieran Brennan sold 10,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $16.00, for a total transaction of $160,000.00. Following the sale, the senior vice president owned 271,333 shares in the company, valued at approximately $4,341,328. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter H. Woodward sold 100,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.48, for a total value of $1,548,000.00. Following the completion of the sale, the director owned 1,114,061 shares of the company’s stock, valued at approximately $17,245,664.28. This trade represents a 8.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 15.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings lowered TSS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Wall Street Zen raised shares of TSS from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Needham & Company LLC dropped their target price on shares of TSS from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.17.

About TSS

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.