GAMMA Investing LLC Boosts Stock Position in Tri Pointe Homes Inc. (NYSE:TPH)

GAMMA Investing LLC boosted its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 3,491.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 63,457 shares of the construction company's stock after buying an additional 61,690 shares during the period. GAMMA Investing LLC owned approximately 0.07% of Tri Pointe Homes worth $1,988,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Covestor Ltd raised its stake in shares of Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after acquiring an additional 335 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Tri Pointe Homes by 84.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock worth $49,000 after purchasing an additional 613 shares during the period. Assetmark Inc. grew its holdings in Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after purchasing an additional 300 shares during the last quarter. Sterling Capital Management LLC raised its position in Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after purchasing an additional 1,831 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in Tri Pointe Homes by 562.1% in the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after purchasing an additional 1,900 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Trading Down 2.6%

NYSE:TPH traded down $0.81 during midday trading on Tuesday, hitting $29.94. The stock had a trading volume of 1,004,309 shares, compared to its average volume of 913,687. The stock has a 50-day moving average of $30.50 and a 200 day moving average of $33.49. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 0.80 and a beta of 1.24. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $47.78. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.25. Tri Pointe Homes had a return on equity of 12.97% and a net margin of 10.02%. The business had revenue of $720.79 million during the quarter, compared to analyst estimates of $713.65 million. During the same period in the previous year, the company posted $1.03 EPS. Tri Pointe Homes's revenue was down 21.5% on a year-over-year basis. As a group, sell-side analysts forecast that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Analyst Ratings Changes

TPH has been the topic of a number of analyst reports. Oppenheimer cut their target price on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Royal Bank Of Canada lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $38.00 to $43.00 in a research report on Monday, April 28th. Finally, Evercore ISI lowered their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tri Pointe Homes currently has an average rating of "Moderate Buy" and an average target price of $41.60.

Insider Activity at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the transaction, the chief executive officer now directly owns 627,833 shares in the company, valued at approximately $18,929,164.95. This trade represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by corporate insiders.

About Tri Pointe Homes

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.