Taylor Morrison Home Co. (NYSE:TMHC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 17,494.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,467 shares of the construction company's stock after acquiring an additional 40,237 shares during the period. GAMMA Investing LLC's holdings in Taylor Morrison Home were worth $2,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 111 Capital purchased a new stake in shares of Taylor Morrison Home in the 4th quarter valued at $809,000. GTS Securities LLC bought a new stake in Taylor Morrison Home during the fourth quarter worth about $277,000. Vise Technologies Inc. bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Taylor Morrison Home by 17.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,509 shares of the construction company's stock valued at $17,354,000 after purchasing an additional 42,984 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in Taylor Morrison Home by 163.0% in the 4th quarter. Voloridge Investment Management LLC now owns 165,634 shares of the construction company's stock worth $10,138,000 after buying an additional 102,653 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on TMHC shares. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Bank of America initiated coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded down $1.34 during trading hours on Friday, hitting $58.01. 746,168 shares of the company were exchanged, compared to its average volume of 929,301. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 7.01 and a beta of 1.57. The company has a current ratio of 6.39, a quick ratio of 0.94 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 business has a 50-day moving average of $57.50 and a 200-day moving average of $61.24.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued 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. The firm 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%. Taylor Morrison Home's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 earnings per share. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.