Taylor Morrison Home Corporation $TMHC Shares Sold by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC has significantly decreased its holdings in Taylor Morrison Home Corporation by 48.8%, owning 4,547 shares worth approximately $273,000 by the end of the first quarter.
• Despite the decrease in Magnetar's holdings, several other investors, including GAMMA Investing LLC and Farther Finance Advisors LLC, have increased their stakes in the company.
• Taylor Morrison Home reported earnings of $2.02 per share for the latest quarter, exceeding analyst expectations and marking a 2.0% year-over-year revenue increase.

Magnetar Financial LLC lessened its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 48.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,547 shares of the construction company's stock after selling 4,336 shares during the period. Magnetar Financial LLC's holdings in Taylor Morrison Home were worth $273,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Covestor Ltd increased its position in Taylor Morrison Home by 14.9% during the first 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 last quarter. Cornerstone Select Advisors LLC increased its position in 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 worth $1,452,000 after purchasing an additional 175 shares during the last quarter. Nisa Investment Advisors LLC increased its position in 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 worth $207,000 after purchasing an additional 197 shares during the last quarter. Avantax Advisory Services Inc. increased its position in 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 worth $354,000 after purchasing an additional 201 shares during the last quarter. Finally, Xponance Inc. increased its position in Taylor Morrison Home by 1.4% during the first quarter. Xponance Inc. now owns 15,631 shares of the construction company's stock worth $938,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Buying and Selling

In other news, CFO Curtis Vanhyfte sold 5,082 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $69.97, for a total transaction of $355,587.54. Following the completion of the sale, the chief financial officer owned 11,742 shares of the company's stock, valued at approximately $821,587.74. This trade represents a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sheryl Palmer sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the sale, the chief executive officer directly owned 383,988 shares of the company's stock, valued at $26,955,957.60. The trade was a 6.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,836 shares of company stock valued at $2,746,743. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on TMHC shares. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home currently has an average rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Down 0.7%

Taylor Morrison Home stock traded down $0.54 during midday trading on Monday, hitting $71.30. 101,381 shares of the company were exchanged, compared to its average volume of 1,076,702. The company's fifty day moving average price is $64.97 and its 200-day moving average price is $60.89. The company has a market cap of $7.16 billion, a PE ratio of 8.23 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $1.86 EPS. Taylor Morrison Home's revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Taylor Morrison Home Company 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.