Taylor Morrison Home Corporation $TMHC Stock Holdings Lifted by EMG Holdings L.P.

Key Points

• EMG Holdings L.P. increased its stake in Taylor Morrison Home Corporation by 66.4% in the first quarter, holding about 4.7% of the company's total shares.
• Taylor Morrison Home reported a quarterly earnings per share (EPS) of $2.02, exceeding estimates and reflecting a revenue increase of 2.0% year-over-year.
• The stock's market capitalization stands at $6.97 billion, with a current PE ratio of 8.02 and a consensus rating of "Buy" among analysts.

EMG Holdings L.P. lifted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 66.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,000 shares of the construction company's stock after buying an additional 65,827 shares during the period. Taylor Morrison Home comprises about 4.7% of EMG Holdings L.P.'s holdings, making the stock its 4th largest position. EMG Holdings L.P. owned approximately 0.16% of Taylor Morrison Home worth $9,907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Long Pond Capital LP purchased a new position in shares of Taylor Morrison Home during the first quarter valued at approximately $40,345,000. Jane Street Group LLC boosted its position in Taylor Morrison Home by 16.8% in the first quarter. Jane Street Group LLC now owns 188,056 shares of the construction company's stock worth $11,291,000 after purchasing an additional 27,072 shares during the last quarter. Virtus Advisers LLC purchased a new position in Taylor Morrison Home in the first quarter worth $675,000. Walleye Capital LLC boosted its position in Taylor Morrison Home by 15.8% in the first quarter. Walleye Capital LLC now owns 228,870 shares of the construction company's stock worth $13,741,000 after purchasing an additional 31,296 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Taylor Morrison Home in the first quarter worth $1,835,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Up 5.5%

Shares of NYSE TMHC opened at $69.4110 on Monday. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. The business's fifty day moving average price is $63.23 and its 200-day moving average price is $60.53. The stock has a market capitalization of $6.97 billion, a PE ratio of 8.02 and a beta of 1.53.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company 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. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analyst Ratings Changes

TMHC has been the topic of several research analyst reports. Bank of America initiated coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen cut 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $76.88.

Insiders Place Their Bets

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at $923,710.86. This represents a 40.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding TMHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taylor Morrison Home Corporation (NYSE:TMHC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.