Cortina Asset Management LLC increased its stake in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 19.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 343,162 shares of the construction company’s stock after purchasing an additional 57,040 shares during the quarter. Cortina Asset Management LLC owned approximately 0.23% of TRI Pointe Group worth $4,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TPH. World Asset Management Inc purchased a new stake in shares of TRI Pointe Group during the 2nd quarter worth $132,000. Shelton Capital Management purchased a new stake in shares of TRI Pointe Group during the 2nd quarter worth $146,000. Teacher Retirement System of Texas lifted its stake in shares of TRI Pointe Group by 6.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock worth $168,000 after purchasing an additional 725 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of TRI Pointe Group by 89.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock worth $168,000 after purchasing an additional 6,020 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its stake in shares of TRI Pointe Group by 33.4% during the 2nd quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock worth $173,000 after purchasing an additional 3,276 shares during the last quarter.

A number of brokerages recently weighed in on TPH. B. Riley restated a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. Barclays PLC set a $17.00 price target on TRI Pointe Group and gave the company a “hold” rating in a research note on Thursday, October 26th. Gabelli increased their price target on TRI Pointe Group from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. JMP Securities increased their price target on TRI Pointe Group from $16.00 to $18.00 and gave the company a “market outperform” rating in a research note on Thursday, October 26th. Finally, BTIG Research upgraded TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 price target for the company in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. TRI Pointe Group has a consensus rating of “Hold” and a consensus target price of $17.00.

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In other news, CEO Douglas F. Bauer sold 42,294 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $17.54, for a total value of $741,836.76. Following the completion of the transaction, the chief executive officer now directly owns 289,313 shares in the company, valued at $5,074,550.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Bradley William Blank sold 14,725 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $17.54, for a total value of $258,276.50. Following the completion of the transaction, the vice president now owns 49,070 shares of the company’s stock, valued at $860,687.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 913,459 shares of company stock valued at $15,111,927. Company insiders own 2.20% of the company’s stock.

TRI Pointe Group, Inc. (NYSE TPH) traded down $0.02 during trading on Friday, reaching $17.93. The company’s stock had a trading volume of 850,500 shares, compared to its average volume of 1,936,912. 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 $18.09. The stock has a market capitalization of $2,697.25, a PE ratio of 16.30, a PEG ratio of 1.20 and a beta of 1.75.

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

About TRI Pointe Group

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.

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

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