Jane Street Group LLC Has $11.29 Million Stock Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Jane Street Group LLC increased its stake in Taylor Morrison Home Corporation by 16.8%, owning a total of 188,056 shares valued at approximately $11.3 million, as reported in their recent SEC filing.
• In the 4th quarter, multiple institutional investors such as Cetera Investment Advisers and Nuveen Asset Management also modified their holdings of TMHC, indicating increased interest in the company.
• The company's stock was recently rated as a "hold" by Wall Street Zen after previously being rated a "buy," reflecting mixed sentiments in analyst evaluations.

Jane Street Group LLC increased its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 16.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,056 shares of the construction company's stock after purchasing an additional 27,072 shares during the quarter. Jane Street Group LLC owned 0.19% of Taylor Morrison Home worth $11,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Covestor Ltd raised its position in Taylor Morrison Home by 14.9% in the 1st quarter. Covestor Ltd now owns 1,292 shares of the construction company's stock worth $78,000 after purchasing an additional 168 shares during the period. Cornerstone Select Advisors LLC raised its stake in shares of Taylor Morrison Home by 0.7% during the first quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company's stock valued at $1,452,000 after acquiring an additional 175 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Taylor Morrison Home by 6.1% during the first quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock valued at $207,000 after acquiring an additional 197 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Taylor Morrison Home by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company's stock valued at $354,000 after acquiring an additional 201 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of Taylor Morrison Home by 1.4% during the first quarter. Xponance Inc. now owns 15,631 shares of the construction company's stock valued at $938,000 after acquiring an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TMHC shares. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Bank of America upped their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $77.50.

Taylor Morrison Home Stock Down 2.2%

Shares of NYSE:TMHC traded down $1.54 during trading on Friday, reaching $67.66. 2,298,753 shares of the stock traded hands, compared to its average volume of 1,074,620. The stock has a 50-day moving average of $66.08 and a two-hundred day moving average of $61.45. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The stock has a market cap of $6.79 billion, a P/E ratio of 7.81 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sheryl Palmer sold 13,513 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $72.06, for a total transaction of $973,746.78. Following the transaction, the chief executive officer directly owned 370,475 shares in the company, valued at approximately $26,696,428.50. This represents a 3.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anne L. Mariucci sold 14,002 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the completion of the sale, the director directly owned 48,191 shares of the company's stock, valued at approximately $3,373,370. This trade represents a 22.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,351 shares of company stock worth $4,700,630. 1.40% of the stock is owned by insiders.

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.