Pacer Advisors Inc. Sells 190,083 Shares of Tri Pointe Homes Inc. $TPH

Pacer Advisors Inc. trimmed its position in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 37.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,218 shares of the construction company’s stock after selling 190,083 shares during the period. Pacer Advisors Inc.’s holdings in Tri Pointe Homes were worth $9,920,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC raised its holdings in shares of Tri Pointe Homes by 17.7% during the 3rd quarter. AE Wealth Management LLC now owns 410,836 shares of the construction company’s stock valued at $13,956,000 after buying an additional 61,918 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Tri Pointe Homes by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,008,454 shares of the construction company’s stock valued at $34,257,000 after buying an additional 130,855 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Tri Pointe Homes during the 3rd quarter valued at about $1,089,000. Victory Capital Management Inc. raised its holdings in shares of Tri Pointe Homes by 11.4% during the 3rd quarter. Victory Capital Management Inc. now owns 815,037 shares of the construction company’s stock valued at $27,687,000 after buying an additional 83,166 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Tri Pointe Homes during the 3rd quarter valued at about $7,207,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Down 0.0%

Shares of NYSE TPH opened at $46.97 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.33. Tri Pointe Homes Inc. has a 52 week low of $28.72 and a 52 week high of $46.99. The firm’s fifty day moving average is $46.71 and its 200 day moving average is $39.04. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.37 and a beta of 1.16.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Wednesday, April 29th. The construction company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.22). Tri Pointe Homes had a return on equity of 6.24% and a net margin of 5.77%.The firm had revenue of $507.90 million during the quarter, compared to analysts’ expectations of $495.67 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was down 29.7% compared to the same quarter last year. On average, equities research analysts expect that Tri Pointe Homes Inc. will post 2.64 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In related news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the transaction, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TPH has been the topic of a number of research reports. Weiss Ratings cut Tri Pointe Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Royal Bank Of Canada raised their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Finally, Oppenheimer cut Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.50.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.