Tupperware Brands (NYSE:TUP) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Tupperware Brands (NYSE:TUP) in a research note published on Saturday. The firm issued a hold rating on the stock.

Tupperware Brands Stock Down 7.5 %

Shares of NYSE:TUP opened at $0.47 on Friday. The company has a market cap of $21.94 million, a P/E ratio of 0.37 and a beta of 2.90. Tupperware Brands has a 52 week low of $0.47 and a 52 week high of $2.72. The company has a 50-day moving average price of $1.16 and a 200 day moving average price of $1.33.

Institutional Investors Weigh In On Tupperware Brands

A number of hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd lifted its position in shares of Tupperware Brands by 19.2% during the 2nd quarter. XTX Topco Ltd now owns 71,615 shares of the company’s stock valued at $100,000 after acquiring an additional 11,534 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in shares of Tupperware Brands during the 1st quarter valued at approximately $26,000. Napatree Capital LLC acquired a new stake in shares of Tupperware Brands during the 4th quarter valued at approximately $60,000. Cantor Fitzgerald L. P. lifted its position in shares of Tupperware Brands by 533.1% during the 4th quarter. Cantor Fitzgerald L. P. now owns 105,171 shares of the company’s stock valued at $210,000 after acquiring an additional 88,558 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Tupperware Brands by 18.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,550,537 shares of the company’s stock valued at $9,101,000 after acquiring an additional 704,700 shares during the period. Institutional investors and hedge funds own 25.06% of the company’s stock.

Tupperware Brands Company Profile

Tupperware Brands Corporation operates as a consumer products company in the Asia Pacific, Europe, Africa, the Middle East, North America, and South America. The company manufactures, markets, and sells design-centric preparation, storage, and serving solutions for the kitchen and home under the Tupperware brand name, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.