Piermont Capital Management LLC Cut Its Interface INC (TILE) Stake by $3.19 Million; Shares Declined

Interface, Inc. (NASDAQ:TILE) LogoInvestors sentiment decreased to 1.15 in Q3 2018. Its down 0.41, from 1.56 in 2018Q2. It is negative, as 14 investors sold TILE shares while 60 reduced holdings. 30 funds opened positions while 55 raised stakes. 51.28 million shares or 1.22% more from 50.66 million shares in 2018Q2 were reported. New York State Teachers Retirement owns 166,017 shares or 0.01% of their US portfolio. Texas Permanent School Fund accumulated 0.01% or 37,434 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management, a Alberta – Canada-based fund reported 50,300 shares. 250,500 are held by Renaissance Tech Lc. Shelton Cap Management invested 0.03% in Interface, Inc. (NASDAQ:TILE). Riverhead Capital Mgmt Limited accumulated 4,774 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.01% or 58,145 shares. Alliancebernstein Limited Partnership, New York-based fund reported 92,609 shares. Bridgeway Cap Mngmt Incorporated holds 42,500 shares or 0.01% of its portfolio. Prudential Financial Inc has 187,264 shares for 0.01% of their portfolio. Gsa Cap Limited Liability Partnership, United Kingdom-based fund reported 78,785 shares. Illinois-based Guggenheim Limited Co has invested 0% in Interface, Inc. (NASDAQ:TILE). Los Angeles Capital & Equity Rech Inc invested 0.01% of its portfolio in Interface, Inc. (NASDAQ:TILE). Pinebridge Invs L P, New York-based fund reported 15,229 shares. Balyasny Asset Limited Liability Company reported 616,492 shares.

Piermont Capital Management Llc decreased its stake in Interface Inc. (TILE) by 83.29% based on its latest 2018Q3 regulatory filing with the SEC. Piermont Capital Management Llc sold 152,082 shares as the company’s stock declined 37.36% with the market. The institutional investor held 30,520 shares of the consumer durables company at the end of 2018Q3, valued at $668,000, down from 182,602 at the end of the previous reported quarter. Piermont Capital Management Llc who had been investing in Interface Inc. for a number of months, seems to be less bullish one the $938.04 million market cap company. The stock increased 0.90% or $0.14 during the last trading session, reaching $15.76. About 218,632 shares traded. Interface, Inc. (NASDAQ:TILE) has declined 39.27% since January 14, 2018 and is downtrending. It has underperformed by 39.27% the S&P500.

Analysts await Interface, Inc. (NASDAQ:TILE) to report earnings on February, 20. They expect $0.39 earnings per share, up 21.88 % or $0.07 from last year’s $0.32 per share. TILE’s profit will be $23.21 million for 10.10 P/E if the $0.39 EPS becomes a reality. After $0.41 actual earnings per share reported by Interface, Inc. for the previous quarter, Wall Street now forecasts -4.88 % negative EPS growth.

Interface, Inc. (NASDAQ:TILE) Ratings Coverage

Among 2 analysts covering Interface (NASDAQ:TILE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Interface had 2 analyst reports since August 14, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, August 14 by Longbow. The stock of Interface, Inc. (NASDAQ:TILE) earned “Buy” rating by Nomura on Monday, January 7.

Interface, Inc. (NASDAQ:TILE) Institutional Positions Chart

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