Quantbot Technologies LP Increases Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Quantbot Technologies LP raised its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 562.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,238 shares of the construction company’s stock after purchasing an additional 124,998 shares during the period. Quantbot Technologies LP owned 0.16% of Tri Pointe Homes worth $6,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in Tri Pointe Homes by 260.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock worth $64,216,000 after acquiring an additional 1,024,425 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Tri Pointe Homes by 11.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company’s stock worth $52,816,000 after purchasing an additional 115,099 shares during the period. Millennium Management LLC lifted its position in shares of Tri Pointe Homes by 14.1% in the 2nd quarter. Millennium Management LLC now owns 925,498 shares of the construction company’s stock worth $34,475,000 after purchasing an additional 114,244 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Tri Pointe Homes by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company’s stock valued at $34,135,000 after purchasing an additional 31,041 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Tri Pointe Homes by 0.8% during the third quarter. Fisher Asset Management LLC now owns 725,537 shares of the construction company’s stock valued at $32,874,000 after buying an additional 6,079 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on TPH. Royal Bank of Canada lowered their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a research report on Tuesday, September 17th. Oppenheimer reduced their price target on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Wedbush reissued a “neutral” rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tri Pointe Homes has an average rating of “Moderate Buy” and an average target price of $45.75.

Tri Pointe Homes Stock Performance

Shares of TPH opened at $44.62 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a market cap of $4.18 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.69 and a beta of 1.60. The business’s 50 day moving average price is $43.26 and its 200-day moving average price is $41.59. Tri Pointe Homes, Inc. has a 52 week low of $28.74 and a 52 week high of $47.78.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. Equities research analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.