SG Americas Securities LLC Sells 39,487 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

SG Americas Securities LLC cut its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 85.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,897 shares of the construction company's stock after selling 39,487 shares during the period. SG Americas Securities LLC's holdings in Taylor Morrison Home were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. IFP Advisors Inc lifted its holdings in Taylor Morrison Home by 138.9% in the third quarter. IFP Advisors Inc now owns 614 shares of the construction company's stock valued at $26,000 after acquiring an additional 357 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in Taylor Morrison Home by 3,911.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,083 shares of the construction company's stock valued at $46,000 after acquiring an additional 1,056 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Taylor Morrison Home in the first quarter valued at approximately $44,000. Neo Ivy Capital Management acquired a new position in Taylor Morrison Home in the third quarter valued at approximately $108,000. Finally, Quantbot Technologies LP acquired a new position in Taylor Morrison Home in the first quarter valued at approximately $77,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Down 1.1 %

NYSE:TMHC traded down $0.68 during trading hours on Monday, hitting $58.97. The company's stock had a trading volume of 912,573 shares, compared to its average volume of 782,679. The stock has a market capitalization of $6.28 billion, a P/E ratio of 8.45 and a beta of 1.87. The stock has a fifty day moving average of $56.86 and a 200-day moving average of $50.08. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Taylor Morrison Home Co. has a 52-week low of $36.17 and a 52-week high of $62.64.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.82 by $0.23. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. Taylor Morrison Home's revenue for the quarter was down 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.93 earnings per share. On average, equities analysts forecast that Taylor Morrison Home Co. will post 7.34 earnings per share for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 724 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Taylor Morrison Home news, CAO Joseph Terracciano sold 724 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Curtis Vanhyfte sold 9,874 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $57.70, for a total value of $569,729.80. Following the transaction, the chief financial officer now directly owns 7,765 shares in the company, valued at approximately $448,040.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 613,537 shares of company stock valued at $36,409,767. 5.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on TMHC. Barclays upped their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 15th. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. Wedbush reiterated a "neutral" rating and issued a $52.00 price objective on shares of Taylor Morrison Home in a research note on Monday, December 18th. Seaport Res Ptn cut Taylor Morrison Home from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada increased their price objective on Taylor Morrison Home from $57.00 to $61.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $57.20.

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.