Pine River Capital Management adds TreeHouse Foods (THS) to its portfolio

TreeHouse Foods (THS) : Pine River Capital Management added new position in TreeHouse Foods during the most recent quarter end. The investment management firm now holds 382,283 shares of TreeHouse Foods which is valued at $37,471,380 , the company said in a statement filed on Aug 15, 2016 with the SEC.TreeHouse Foods makes up approximately 2.08% of Pine River Capital Management’s portfolio.

Other Hedge Funds, Including , Highbridge Capital Management sold out all of its stake in THS during the most recent quarter. The investment firm sold 101,332 shares of THS which is valued $9,932,563.Credit Agricole S A reduced its stake in THS by selling 2,341 shares or 23.26% in the most recent quarter. The Hedge Fund company now holds 7,725 shares of THS which is valued at $757,205. Mycio Wealth Partners added THS to its portfolio by purchasing 19 company shares during the most recent quarter which is valued at $1,862.Forsta Ap-fonden boosted its stake in THS in the latest quarter, The investment management firm added 138,610 additional shares and now holds a total of 646,185 shares of TreeHouse Foods which is valued at $63,164,584. TreeHouse Foods makes up approx 1.78% of Forsta Ap-fonden’s portfolio.Advisors Asset Management reduced its stake in THS by selling 722 shares or 32.49% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of THS which is valued at $146,625.

TreeHouse Foods closed down -0.73 points or -0.77% at $94 with 6,85,652 shares getting traded on Thursday. Post opening the session at $94.13, the shares hit an intraday low of $93.82 and an intraday high of $94.7166 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, TreeHouse Foods reported $0.54 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $1541.40 million for the quarter, compared to analysts expectations of $1557.33 million. The company’s revenue was up 103.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on TreeHouse Foods. TreeHouse Foods was Initiated by KeyBanc Capital Mkts to “Overweight” on May 26, 2016.

TreeHouse Foods Inc. is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery Food Away From Home and Industrial and Export. Its North American Retail Grocery segment sells branded and private label products to customers within the United States and Canada. Its Food Away From Home segment sells its products to foodservice customers such as restaurant chains and food distribution companies in the United States and Canada. Its Industrial and Export segment includes its co-pack business and non-dairy powdered creamer sales to industrial customers for use in industrial applications. The Company manufactures a variety of shelf stable refrigerated and fresh products. Its product categories include beverages salad dressings snacks beverage enhancers pickles Mexican and other sauces soup and infant feeding cereals dry dinners aseptic products jams and other products.

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