Crestline Management LP Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Crestline Management LP purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 87,116 shares of the construction company's stock, valued at approximately $5,332,000. Crestline Management LP owned about 0.08% of Taylor Morrison Home at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMHC. Cubist Systematic Strategies LLC purchased a new position in Taylor Morrison Home in the 4th quarter valued at $14,736,000. Cetera Investment Advisers boosted its holdings in shares of Taylor Morrison Home by 9.9% in the fourth quarter. Cetera Investment Advisers now owns 30,198 shares of the construction company's stock valued at $1,848,000 after acquiring an additional 2,711 shares in the last quarter. Centiva Capital LP increased its stake in shares of Taylor Morrison Home by 79.4% during the fourth quarter. Centiva Capital LP now owns 5,273 shares of the construction company's stock worth $323,000 after acquiring an additional 2,334 shares during the period. Bridgefront Capital LLC purchased a new position in Taylor Morrison Home during the fourth quarter worth about $326,000. Finally, Ameriprise Financial Inc. lifted its position in Taylor Morrison Home by 3.6% in the fourth quarter. Ameriprise Financial Inc. now owns 641,170 shares of the construction company's stock valued at $39,247,000 after purchasing an additional 22,421 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Buying and Selling at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The shares were 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. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Bank of America assumed coverage on shares of Taylor Morrison Home in a report on Monday. They issued a "buy" rating and a $70.00 price target for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home Trading Down 2.0 %

Shares of Taylor Morrison Home stock opened at $57.74 on Wednesday. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The business has a 50 day moving average price of $58.58 and a 200 day moving average price of $63.39. The company has a market capitalization of $5.80 billion, a P/E ratio of 6.97 and a beta of 1.68.

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

About Taylor Morrison Home

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.

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