TRI Pointe Group, Inc. (TPH) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 63.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,056 shares of the construction company’s stock after acquiring an additional 20,573 shares during the period. SG Americas Securities LLC’s holdings in TRI Pointe Group were worth $733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royce & Associates LP increased its position in shares of TRI Pointe Group by 8.7% during the second quarter. Royce & Associates LP now owns 709,372 shares of the construction company’s stock valued at $9,357,000 after acquiring an additional 56,600 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of TRI Pointe Group by 10.6% in the second quarter. Voya Investment Management LLC now owns 64,776 shares of the construction company’s stock valued at $854,000 after purchasing an additional 6,212 shares in the last quarter. Aperio Group LLC grew its holdings in shares of TRI Pointe Group by 9.1% in the third quarter. Aperio Group LLC now owns 82,298 shares of the construction company’s stock valued at $1,137,000 after purchasing an additional 6,834 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of TRI Pointe Group by 12.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 679,437 shares of the construction company’s stock valued at $8,962,000 after purchasing an additional 75,118 shares in the last quarter. Finally, River Road Asset Management LLC acquired a new position in shares of TRI Pointe Group in the second quarter valued at approximately $586,000.

A number of research analysts recently weighed in on the stock. B. Riley restated a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. FBR & Co restated a “buy” rating and issued a $20.00 price objective on shares of TRI Pointe Group in a report on Thursday, October 26th. JMP Securities lifted their price objective on shares of TRI Pointe Group from $16.00 to $18.00 and gave the company a “market outperform” rating in a report on Thursday, October 26th. Gabelli lifted their price objective on shares of TRI Pointe Group from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. 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 company. TRI Pointe Group has a consensus rating of “Hold” and a consensus target price of $17.00.

TRI Pointe Group, Inc. (NYSE TPH) traded down $0.31 during midday trading on Thursday, reaching $16.87. 2,567,600 shares of the company’s stock traded hands, compared to its average volume of 1,935,284. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80. TRI Pointe Group, Inc. has a 12 month low of $11.31 and a 12 month high of $18.44. The firm has a market cap of $2,584.43, a PE ratio of 15.62, a PEG ratio of 1.15 and a beta of 1.74.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate 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 company had revenue of $717.40 million during the quarter, compared to analysts’ expectations of $706.65 million. During the same quarter in the previous year, the business posted $0.22 EPS. The firm’s revenue was up 24.0% on a year-over-year basis. sell-side analysts predict that TRI Pointe Group, Inc. will post 1.36 earnings per share for the current year.

In other news, VP Bradley William Blank sold 14,725 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now owns 49,070 shares in the company, valued at approximately $860,687.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael D. Grubbs sold 300,000 shares of the business’s stock in a transaction that occurred on 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 sale, 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 a total of 913,459 shares of company stock valued at $15,111,927 in the last quarter. 2.20% of the stock is currently owned by company insiders.

WARNING: “TRI Pointe Group, Inc. (TPH) Holdings Raised by SG Americas Securities LLC” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2017/12/07/tri-pointe-group-inc-tph-holdings-raised-by-sg-americas-securities-llc.html.

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)

Receive News & Ratings for TRI Pointe Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply