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

Jane Street Group LLC cut its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,984 shares of the construction company's stock after selling 76,325 shares during the quarter. 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.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Taylor Morrison Home during the fourth quarter valued at about $93,810,000. Boston Partners raised its holdings in shares of Taylor Morrison Home by 88.7% during the 4th quarter. Boston Partners now owns 594,347 shares of the construction company's stock valued at $36,794,000 after buying an additional 279,361 shares in the last quarter. Northern Trust Corp lifted its position in Taylor Morrison Home by 13.4% in the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after buying an additional 197,880 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Taylor Morrison Home by 1,172.8% in the fourth quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company's stock worth $12,993,000 after buying an additional 194,897 shares in the last quarter. Finally, Barclays PLC grew its position in Taylor Morrison Home by 42.3% during the fourth quarter. Barclays PLC now owns 598,454 shares of the construction company's stock valued at $36,630,000 after acquiring an additional 178,035 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on TMHC. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. 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. Wedbush restated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Insider Activity

In related news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Up 1.2%

Shares of NYSE TMHC traded up $0.71 during midday trading on Tuesday, hitting $61.48. The stock had a trading volume of 113,796 shares, compared to its average volume of 903,428. The business's 50 day moving average is $58.44 and its 200-day moving average is $63.13. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.17 billion, a P/E ratio of 7.43 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS. As a group, analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current 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.