Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,866 shares of the construction company’s stock after selling 417 shares during the quarter. Penserra Capital Management LLC’s holdings in Tri Pointe Homes were worth $718,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TPH. Assenagon Asset Management S.A. grew its holdings in Tri Pointe Homes by 260.8% during 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 acquiring an additional 1,024,425 shares during the period. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 115,099 shares during the period. Millennium Management LLC increased its holdings 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 purchasing an additional 114,244 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Tri Pointe Homes by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company’s stock worth $34,135,000 after buying an additional 31,041 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Tri Pointe Homes by 149.5% during the second quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company’s stock worth $19,907,000 after buying an additional 320,221 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Down 0.0 %

Shares of NYSE TPH opened at $43.62 on Thursday. The stock has a market cap of $4.08 billion, a PE ratio of 9.05, a P/E/G ratio of 0.73 and a beta of 1.60. 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, Inc. has a 12-month low of $28.74 and a 12-month high of $47.78. The company has a 50-day moving average of $43.21 and a 200 day moving average of $41.63.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. As a group, sell-side analysts predict that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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