Counterpoint Mutual Funds LLC Invests $3.31 Million in TreeHouse Foods, Inc. $THS

Counterpoint Mutual Funds LLC bought a new position in TreeHouse Foods, Inc. (NYSE:THS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 163,807 shares of the company’s stock, valued at approximately $3,311,000. TreeHouse Foods comprises approximately 0.3% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 8th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Phocas Financial Corp. boosted its holdings in shares of TreeHouse Foods by 152.1% in the 2nd quarter. Phocas Financial Corp. now owns 287,083 shares of the company’s stock valued at $5,575,000 after purchasing an additional 173,211 shares during the last quarter. Bryce Point Capital LLC purchased a new position in shares of TreeHouse Foods in the 2nd quarter worth $676,000. S&T Bank PA boosted its holdings in TreeHouse Foods by 21.6% in the second quarter. S&T Bank PA now owns 122,418 shares of the company’s stock valued at $2,377,000 after acquiring an additional 21,779 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in TreeHouse Foods by 61.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 541,426 shares of the company’s stock valued at $10,514,000 after acquiring an additional 205,852 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in TreeHouse Foods during the second quarter valued at about $323,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on THS shares. Barclays raised their price objective 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 shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. William Blair downgraded shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday, December 29th. Finally, Stifel Nicolaus lifted their target price on shares of TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $23.40.

TreeHouse Foods Stock Performance

NYSE THS opened at $24.43 on Tuesday. The stock has a market cap of $1.23 billion, a P/E ratio of -5.09 and a beta of 0.18. The company’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $21.47. 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 52 week low of $15.85 and a 52 week high of $40.77.

TreeHouse Foods Profile

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.