Jane Street Group LLC Sells 49,074 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Jane Street Group LLC reduced its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 22.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 171,625 shares of the construction company’s stock after selling 49,074 shares during the quarter. Jane Street Group LLC owned 0.18% of Tri Pointe Homes worth $7,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TPH. Assenagon Asset Management S.A. boosted its holdings in shares of Tri Pointe Homes by 260.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock worth $64,216,000 after buying an additional 1,024,425 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Tri Pointe Homes by 11.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company’s stock worth $52,816,000 after acquiring an additional 115,099 shares during the last quarter. Millennium Management LLC grew its position in shares of Tri Pointe Homes by 14.1% during the 2nd quarter. Millennium Management LLC now owns 925,498 shares of the construction company’s stock valued at $34,475,000 after acquiring an additional 114,244 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Tri Pointe Homes by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company’s stock worth $34,135,000 after purchasing an additional 31,041 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Tri Pointe Homes by 0.8% in the 3rd quarter. Fisher Asset Management LLC now owns 725,537 shares of the construction company’s stock worth $32,874,000 after purchasing an additional 6,079 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $39.03 on Friday. The stock has a 50-day moving average price of $42.59 and a 200 day moving average price of $41.83. The stock has a market capitalization of $3.65 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.66 and a beta of 1.60. Tri Pointe Homes, Inc. has a 12-month low of $32.63 and a 12-month high of $47.78. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted $0.76 EPS. The company’s revenue was up 34.9% on a year-over-year basis. Equities research analysts forecast that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TPH shares. Oppenheimer cut their price target on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Wedbush reiterated a “neutral” rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada decreased their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a report on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tri Pointe Homes currently has an average rating of “Moderate Buy” and an average price target of $45.75.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.