JB Capital Partners LP Reduces Stock Holdings in The Container Store Group, Inc. (NYSE:TCS)

JB Capital Partners LP lessened its holdings in shares of The Container Store Group, Inc. (NYSE:TCS) by 93.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,503 shares of the specialty retailer’s stock after selling 679,051 shares during the period. JB Capital Partners LP owned approximately 1.41% of The Container Store Group worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new position in The Container Store Group during the first quarter valued at approximately $490,000. Assenagon Asset Management S.A. purchased a new position in shares of The Container Store Group during the 2nd quarter valued at approximately $165,000. Finally, Renaissance Technologies LLC increased its holdings in shares of The Container Store Group by 21.0% during the 2nd quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 15,300 shares in the last quarter. 67.11% of the stock is currently owned by institutional investors and hedge funds.

The Container Store Group Stock Performance

Shares of The Container Store Group stock opened at $3.44 on Friday. The company has a 50-day simple moving average of $7.87. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 1.73. The Container Store Group, Inc. has a twelve month low of $3.32 and a twelve month high of $37.80.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of The Container Store Group from a “sell” rating to a “hold” rating in a research report on Wednesday.

The Container Store Group Company Profile

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, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.