SG Americas Securities LLC boosted its position in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 41.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,506 shares of the construction company’s stock after buying an additional 10,324 shares during the period. SG Americas Securities LLC’s holdings in TRI Pointe Group were worth $445,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meadow Creek Investment Management LLC increased its position in TRI Pointe Group by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 9,180 shares of the construction company’s stock worth $115,000 after buying an additional 1,938 shares in the last quarter. 1st Global Advisors Inc. increased its position in 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 worth $138,000 after buying an additional 984 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in TRI Pointe Group during the first quarter worth $178,000. Trexquant Investment LP purchased a new position in TRI Pointe Group during the first quarter worth $178,000. Finally, Princeton Alpha Management LP purchased a new position in TRI Pointe Group during the first quarter worth $179,000. 98.68% of the stock is currently owned by institutional investors.
Shares of TRI Pointe Group, Inc. (NYSE TPH) opened at 12.57 on Monday. The stock has a market cap of $2.00 billion, a PE ratio of 11.61 and a beta of 1.67. TRI Pointe Group, Inc. has a 12 month low of $10.35 and a 12 month high of $14.20. The firm has a 50-day moving average price of $12.48 and a 200-day moving average price of $12.33.
TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, April 26th. The construction company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The company had revenue of $392 million during the quarter, compared to analyst estimates of $364.07 million. TRI Pointe Group had a net margin of 7.38% and a return on equity of 9.60%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. Equities analysts forecast that TRI Pointe Group, Inc. will post $1.29 EPS for the current year.
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A number of research analysts have weighed in on TPH shares. Deutsche Bank AG downgraded TRI Pointe Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $17.00 to $13.00 in a report on Monday, February 27th. BidaskClub raised TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. ValuEngine downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $16.00 target price on shares of TRI Pointe Group in a report on Sunday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.38.
TRI Pointe Group Company Profile
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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