Glendon Capital Management LP Has $10.86 Million Stock Holdings in The Container Store Group, Inc. (NYSE:TCS)

Glendon Capital Management LP raised its holdings in The Container Store Group, Inc. (NYSE:TCS) by 34.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,763,546 shares of the specialty retailer’s stock after purchasing an additional 1,224,700 shares during the quarter. The Container Store Group accounts for approximately 0.8% of Glendon Capital Management LP’s investment portfolio, making the stock its 11th biggest position. Glendon Capital Management LP owned about 9.23% of The Container Store Group worth $10,861,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Platform Technology Partners bought a new position in The Container Store Group during the 3rd quarter worth $47,000. Barclays PLC raised its position in The Container Store Group by 68.0% during the 3rd quarter. Barclays PLC now owns 111,109 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 44,976 shares during the last quarter. Zazove Associates LLC bought a new position in shares of The Container Store Group in the 4th quarter worth about $621,000. Finally, First Eagle Investment Management LLC raised its position in shares of The Container Store Group by 19.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 802,407 shares of the specialty retailer’s stock worth $1,805,000 after acquiring an additional 128,935 shares in the last quarter. Institutional investors and hedge funds own 67.11% of the company’s stock.

The Container Store Group Trading Up 6.8 %

Shares of TCS stock traded up $0.06 during mid-day trading on Thursday, hitting $0.91. The company’s stock had a trading volume of 143,365 shares, compared to its average volume of 331,828. The company’s fifty day simple moving average is $1.09 and its 200-day simple moving average is $1.59. The Container Store Group, Inc. has a 52 week low of $0.83 and a 52 week high of $3.71. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.37 and a current ratio of 1.21. The company has a market cap of $46.97 million, a PE ratio of -0.20 and a beta of 1.19.

The Container Store Group (NYSE:TCS) last posted its quarterly earnings data on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The Container Store Group had a negative return on equity of 2.08% and a negative net margin of 25.64%. The firm had revenue of $214.90 million during the quarter, compared to analyst estimates of $214.06 million. As a group, equities research analysts expect that The Container Store Group, Inc. will post -0.35 earnings per share for the current fiscal year.

About The Container Store Group

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.