Glenmede Trust Co. NA Has $36,367,000 Position in TRI Pointe Group, Inc. (TPH)

Glenmede Trust Co. NA continued to hold its stake in shares of TRI Pointe Group, Inc. (NYSE:TPH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,167,906 shares of the construction company’s stock at the end of the first quarter. Glenmede Trust Co. NA owned approximately 2.00% of TRI Pointe Group worth $36,367,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TPH. Amalgamated Bank boosted its stake in shares of TRI Pointe Group by 0.5% in the first quarter. Amalgamated Bank now owns 20,926 shares of the construction company’s stock valued at $262,000 after buying an additional 101 shares during the period. New York State Teachers Retirement System raised its stake in shares of TRI Pointe Group by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 70,800 shares of the construction company’s stock valued at $813,000 after buying an additional 200 shares in the last quarter. Howard Hughes Medical Institute raised its stake in shares of TRI Pointe Group by 1.7% in the first quarter. Howard Hughes Medical Institute now owns 15,208 shares of the construction company’s stock valued at $191,000 after buying an additional 261 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of TRI Pointe Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,670 shares of the construction company’s stock valued at $635,000 after buying an additional 700 shares in the last quarter. Finally, 1st Global Advisors Inc. raised its stake in shares of TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock valued at $138,000 after buying an additional 984 shares in the last quarter. 98.68% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for TRI Pointe Group (NYSE:TPH)

Shares of TRI Pointe Group, Inc. (NYSE:TPH) traded down 0.79% during mid-day trading on Tuesday, hitting $12.55. The stock had a trading volume of 4,227,217 shares. The stock’s 50-day moving average is $12.48 and its 200 day moving average is $12.32. TRI Pointe Group, Inc. has a 12 month low of $10.35 and a 12 month high of $14.20. The firm has a market cap of $1.99 billion, a PE ratio of 11.59 and a beta of 1.67.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Wednesday, April 26th. The construction company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.03. TRI Pointe Group had a net margin of 7.38% and a return on equity of 9.60%. The company had revenue of $392 million during the quarter, compared to analysts’ expectations of $364.07 million. During the same period last year, the firm earned $0.18 earnings per share. TRI Pointe Group’s revenue was down 7.4% on a year-over-year basis. Equities research analysts predict that TRI Pointe Group, Inc. will post $1.29 earnings per share for the current fiscal year.

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TPH has been the subject of several analyst reports. Wedbush decreased their price objective on TRI Pointe Group from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, February 21st. Zacks Investment Research lowered TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Deutsche Bank AG lowered TRI Pointe Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $17.00 to $13.00 in a report on Monday, February 27th. FBR & Co reiterated an “outperform” rating and set a $16.00 price objective on shares of TRI Pointe Group in a report on Thursday, February 23rd. Finally, Barclays PLC reiterated an “overweight” rating and set a $14.00 price objective on shares of TRI Pointe Group in a report on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. TRI Pointe Group currently has a consensus rating of “Hold” and an average target price of $14.38.

In related news, Director Barry S. Sternlicht sold 11,985,905 shares of the business’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $12.76, for a total value of $152,940,147.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.40% of the stock is owned by insiders.

About TRI Pointe Group

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

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