Jane Street Group LLC Sells 49,074 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Jane Street Group LLC decreased its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 22.2% during the third quarter, HoldingsChannel.com reports. The fund owned 171,625 shares of the construction company’s stock after selling 49,074 shares during the quarter. Jane Street Group LLC’s holdings in Tri Pointe Homes were worth $7,776,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP grew its holdings in shares of Tri Pointe Homes by 4.4% in the third quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company’s stock valued at $280,000 after purchasing an additional 258 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Tri Pointe Homes by 0.3% in the 3rd quarter. Empowered Funds LLC now owns 99,346 shares of the construction company’s stock worth $4,501,000 after buying an additional 265 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after buying an additional 427 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Tri Pointe Homes by 7.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 7,863 shares of the construction company’s stock valued at $293,000 after buying an additional 519 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Tri Pointe Homes by 9.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,266 shares of the construction company’s stock valued at $284,000 after acquiring an additional 541 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TPH shares. Oppenheimer reduced their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada cut their target price on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a research report on Tuesday, September 17th. Finally, Wedbush reiterated a “neutral” rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.75.

Tri Pointe Homes Trading Down 2.6 %

TPH opened at $39.03 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The stock’s 50 day moving average price is $42.59 and its 200-day moving average price is $41.83. Tri Pointe Homes, Inc. has a one year low of $32.63 and a one year high of $47.78. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 0.66 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.76 EPS. Tri Pointe Homes’s quarterly revenue was up 34.9% on a year-over-year basis. On average, equities analysts forecast that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.

Tri Pointe Homes 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.