New Amsterdam Partners LLC NY Trims Holdings in Taylor Morrison Home Corp (TMHC)

New Amsterdam Partners LLC NY trimmed its stake in Taylor Morrison Home Corp (NYSE:TMHC) by 16.7% in the third quarter, HoldingsChannel.com reports. The firm owned 193,660 shares of the construction company’s stock after selling 38,758 shares during the period. New Amsterdam Partners LLC NY’s holdings in Taylor Morrison Home were worth $3,494,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. UBS Group AG grew its holdings in shares of Taylor Morrison Home by 400.4% during the first quarter. UBS Group AG now owns 167,710 shares of the construction company’s stock valued at $3,904,000 after buying an additional 134,196 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Taylor Morrison Home by 31.6% during the first quarter. The Manufacturers Life Insurance Company now owns 81,967 shares of the construction company’s stock valued at $1,909,000 after buying an additional 19,684 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of Taylor Morrison Home during the first quarter valued at about $1,788,000. Legal & General Group Plc grew its holdings in shares of Taylor Morrison Home by 14.5% during the first quarter. Legal & General Group Plc now owns 42,719 shares of the construction company’s stock valued at $994,000 after buying an additional 5,419 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Taylor Morrison Home by 17.7% during the first quarter. Royal Bank of Canada now owns 232,150 shares of the construction company’s stock valued at $5,405,000 after buying an additional 34,838 shares during the last quarter. Institutional investors and hedge funds own 99.02% of the company’s stock.

A number of brokerages have recently issued reports on TMHC. ValuEngine cut shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a report on Saturday, July 28th. Zacks Investment Research upgraded shares of Taylor Morrison Home from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Co set a $24.00 price objective on shares of Taylor Morrison Home and gave the company a “buy” rating in a report on Thursday, November 1st. Barclays cut shares of Taylor Morrison Home from an “equal weight” rating to a “sell” rating and reduced their price objective for the company from $22.00 to $20.00 in a report on Friday, September 14th. Finally, JMP Securities cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.78.

Taylor Morrison Home stock opened at $16.36 on Thursday. Taylor Morrison Home Corp has a fifty-two week low of $14.73 and a fifty-two week high of $28.42. The stock has a market cap of $1.83 billion, a P/E ratio of 6.43, a PEG ratio of 0.78 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 7.58.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.19. Taylor Morrison Home had a net margin of 5.34% and a return on equity of 11.21%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts anticipate that Taylor Morrison Home Corp will post 2.17 earnings per share for the current year.

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Taylor Morrison Home Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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