AlphaQuest LLC Purchases 19,098 Shares of Taylor Morrison Home Corporation $TMHC

AlphaQuest LLC increased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 97.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,734 shares of the construction company’s stock after purchasing an additional 19,098 shares during the period. AlphaQuest LLC’s holdings in Taylor Morrison Home were worth $2,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMHC. Norges Bank bought a new stake in Taylor Morrison Home in the 2nd quarter valued at $93,627,000. Long Pond Capital LP boosted its position in shares of Taylor Morrison Home by 132.4% during the 2nd quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock valued at $95,913,000 after acquiring an additional 889,616 shares in the last quarter. AQR Capital Management LLC increased its stake in Taylor Morrison Home by 118.0% in the second quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company’s stock valued at $77,933,000 after acquiring an additional 689,286 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Taylor Morrison Home in the third quarter worth about $38,189,000. Finally, Balyasny Asset Management L.P. lifted its stake in Taylor Morrison Home by 40.4% during the second quarter. Balyasny Asset Management L.P. now owns 784,419 shares of the construction company’s stock worth $48,179,000 after purchasing an additional 225,625 shares during the period. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of Taylor Morrison Home in a research note on Friday, January 9th. Wedbush reiterated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Bank of America reiterated a “neutral” rating and set a $70.00 price objective (up from $68.00) on shares of Taylor Morrison Home in a research note on Friday, January 16th. Citizens Jmp started coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price objective for the company. Finally, Citigroup began coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.14.

Taylor Morrison Home Stock Down 1.0%

Shares of NYSE TMHC opened at $60.93 on Friday. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $72.50. The firm’s 50-day simple moving average is $61.59 and its 200 day simple moving average is $63.19. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 7.34 and a beta of 1.59.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.