Aristeia Capital L.L.C. Purchases New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Aristeia Capital L.L.C. purchased a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,899 shares of the construction company's stock, valued at approximately $422,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its holdings in Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock valued at $32,550,000 after purchasing an additional 11,302 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after buying an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in Taylor Morrison Home during the fourth quarter worth $550,000. JPMorgan Chase & Co. raised its position in Taylor Morrison Home by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after acquiring an additional 156,793 shares in the last quarter. Finally, Financial Enhancement Group LLC acquired a new stake in Taylor Morrison Home in the fourth quarter valued at $5,840,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Trading Up 0.1 %

Shares of TMHC traded up $0.03 on Monday, hitting $58.93. 652,719 shares of the stock traded hands, compared to its average volume of 904,991. The firm has a market capitalization of $5.91 billion, a P/E ratio of 7.12 and a beta of 1.68. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49. The stock's 50 day moving average is $58.64 and its two-hundred day moving average is $63.43.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the firm earned $1.75 earnings per share. The business's revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TMHC shares. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Wedbush reissued an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Bank of America began coverage on Taylor Morrison Home in a research report on Monday. They issued a "buy" rating and a $70.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.