Mutual of America Capital Management LLC decreased its holdings in Interface, Inc. (NASDAQ:TILE – Free Report) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,185 shares of the textile maker’s stock after selling 1,147 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Interface were worth $100,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Interface by 17.5% in the second quarter. Rhumbline Advisers now owns 231,639 shares of the textile maker’s stock worth $2,036,000 after buying an additional 34,570 shares during the last quarter. Bank of Montreal Can bought a new stake in Interface during the 2nd quarter worth approximately $1,204,000. SG Americas Securities LLC bought a new stake in Interface during the 3rd quarter worth approximately $325,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Interface by 86.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,235 shares of the textile maker’s stock worth $149,000 after acquiring an additional 7,052 shares during the period. Finally, Schroder Investment Management Group raised its stake in Interface by 21.3% during the 2nd quarter. Schroder Investment Management Group now owns 923,947 shares of the textile maker’s stock worth $8,121,000 after acquiring an additional 162,197 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.
Interface Price Performance
NASDAQ TILE opened at $13.24 on Monday. Interface, Inc. has a 12 month low of $6.51 and a 12 month high of $13.78. The stock has a market cap of $769.34 million, a price-to-earnings ratio of 1,324.00 and a beta of 1.94. The company’s 50 day moving average is $12.57 and its two-hundred day moving average is $10.84. The company has a current ratio of 2.79, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 30th.View Our Latest Report on Interface
Interface Profile
Interface, Inc designs, produces, and sells modular carpet products primarily in the United States and internationally. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles and vinyl sheet under the Interface brand; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.
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Mutual of America Capital Management LLC Lowers Position in Interface, Inc. (NASDAQ:TILE) - AmericanBankingNEWS
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