Pier Capital LLC Sells 71,535 Shares of TRI Pointe Group, Inc. (TPH)

Pier Capital LLC reduced its holdings in TRI Pointe Group, Inc. (NYSE:TPH) by 15.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 383,043 shares of the construction company’s stock after selling 71,535 shares during the quarter. Pier Capital LLC owned approximately 0.25% of TRI Pointe Group worth $5,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TPH. Renaissance Technologies LLC bought a new stake in shares of TRI Pointe Group in the 1st quarter valued at $1,276,000. Oregon Public Employees Retirement Fund boosted its stake in TRI Pointe Group by 4.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 53,083 shares of the construction company’s stock worth $700,000 after acquiring an additional 2,413 shares in the last quarter. LS Investment Advisors LLC boosted its stake in TRI Pointe Group by 33.4% during the second quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock worth $173,000 after acquiring an additional 3,276 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in TRI Pointe Group by 1.6% during the second quarter. Nisa Investment Advisors LLC now owns 42,022 shares of the construction company’s stock worth $548,000 after acquiring an additional 650 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in TRI Pointe Group by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 41,500 shares of the construction company’s stock worth $547,000 after acquiring an additional 1,400 shares in the last quarter.

Shares of TRI Pointe Group, Inc. (TPH) traded up $0.03 during mid-day trading on Tuesday, hitting $17.68. 1,883,500 shares of the stock traded hands, compared to its average volume of 1,930,133. The stock has a market capitalization of $2,655.13, a P/E ratio of 16.05, a P/E/G ratio of 1.18 and a beta of 1.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43. TRI Pointe Group, Inc. has a 52 week low of $11.31 and a 52 week high of $18.44.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The business had revenue of $717.40 million during the quarter, compared to the consensus estimate of $706.65 million. During the same quarter last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. equities research analysts predict that TRI Pointe Group, Inc. will post 1.36 earnings per share for the current year.

TPH has been the topic of several research analyst reports. Zacks Investment Research raised shares of TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research note on Tuesday, October 24th. Wedbush reissued an “outperform” rating and set a $16.00 target price (down from $18.00) on shares of TRI Pointe Group in a research note on Friday, October 20th. BidaskClub downgraded shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. BTIG Research upgraded shares of TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Thursday, October 26th. Finally, Barclays set a $17.00 price objective on shares of TRI Pointe Group and gave the stock a “hold” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.00.

In other TRI Pointe Group news, VP Bradley William Blank sold 14,725 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $17.54, for a total transaction of $258,276.50. Following the completion of the transaction, the vice president now owns 49,070 shares in the company, valued at $860,687.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael D. Grubbs sold 300,000 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $15.02, for a total transaction of $4,506,000.00. Following the transaction, the chief financial officer now owns 163,828 shares of the company’s stock, valued at approximately $2,460,696.56. The disclosure for this sale can be found here. Insiders have sold 913,459 shares of company stock valued at $15,111,927 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

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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.

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

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