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

StockNews.com began coverage on shares of Tupperware Brands (NYSE:TUP) in a research note released on Saturday morning. The brokerage issued a hold rating on the stock.

Tupperware Brands Stock Down 7.5 %

TUP stock opened at $0.47 on Friday. The company has a 50-day simple moving average of $1.15 and a 200 day simple moving average of $1.32. The company has a market capitalization of $21.94 million, a P/E ratio of 0.37 and a beta of 2.90. Tupperware Brands has a fifty-two week low of $0.47 and a fifty-two week high of $2.72.

Institutional Investors Weigh In On Tupperware Brands

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

About Tupperware Brands

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.