Credit Suisse AG reduced its stake in TRI Pointe Group, Inc. (NYSE:TPH) by 20.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 140,526 shares of the construction company’s stock after selling 36,495 shares during the period. Credit Suisse AG’s holdings in TRI Pointe Group were worth $1,762,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Meadow Creek Investment Management LLC raised its position in TRI Pointe Group by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 9,180 shares of the construction company’s stock valued at $115,000 after buying an additional 1,938 shares during the last quarter. 1st Global Advisors Inc. raised its position in TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock valued at $138,000 after buying an additional 984 shares during the last quarter. Trexquant Investment LP purchased a new position in TRI Pointe Group during the first quarter valued at approximately $178,000. Princeton Alpha Management LP purchased a new position in TRI Pointe Group during the first quarter valued at approximately $179,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in TRI Pointe Group during the first quarter valued at approximately $178,000. Institutional investors own 98.68% of the company’s stock.

TRI Pointe Group, Inc. (NYSE TPH) traded up 0.51% during trading on Friday, hitting $13.78. 1,565,871 shares of the stock traded hands. The company has a market cap of $2.09 billion, a P/E ratio of 16.37 and a beta of 1.66. TRI Pointe Group, Inc. has a 12 month low of $10.35 and a 12 month high of $14.21. The company’s 50 day moving average price is $13.49 and its 200 day moving average price is $12.69.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $568.80 million for the quarter, compared to analyst estimates of $563.72 million. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. On average, equities research analysts anticipate that TRI Pointe Group, Inc. will post $1.35 EPS for the current fiscal year.

TRI Pointe Group announced that its board has authorized a share buyback plan on Wednesday, July 26th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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Several research analysts have commented on the stock. Zacks Investment Research raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Thursday, August 3rd. TheStreet raised shares of TRI Pointe Group from a “c” rating to a “b-” rating in a research note on Monday, July 10th. BidaskClub lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Citigroup Inc. lowered shares of TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Thursday, July 27th. Finally, Barclays PLC lowered shares of TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.13.

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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