Jane Street Group LLC Sells 76,325 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Jane Street Group LLC lowered its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,984 shares of the construction company's stock after selling 76,325 shares during the period. Jane Street Group LLC owned about 0.16% of Taylor Morrison Home worth $9,854,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC grew its stake in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares during the period. Quarry LP grew its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after buying an additional 471 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after buying an additional 243 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in Taylor Morrison Home in the fourth quarter worth about $51,000. Finally, Smartleaf Asset Management LLC boosted its stake in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after acquiring an additional 243 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TMHC shares. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Bank of America began coverage on Taylor Morrison Home in a research report on Monday. They set a "buy" rating and a $70.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $58.33 on Thursday. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.85 billion, a PE ratio of 7.04 and a beta of 1.68. The firm's 50 day simple moving average is $58.51 and its 200 day simple moving average is $63.35.

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 analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $1.75 earnings per share. The firm's revenue was up 11.5% compared to the same quarter last year. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

About Taylor Morrison Home

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.

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