Schonfeld Strategic Advisors LLC Has $2.46 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Schonfeld Strategic Advisors LLC lessened its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 41.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 67,753 shares of the construction company's stock after selling 47,102 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.07% of Tri Pointe Homes worth $2,457,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TPH. Covestor Ltd grew its stake in shares of Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after acquiring an additional 335 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Tri Pointe Homes by 84.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after buying an additional 613 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Tri Pointe Homes by 19.6% in the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after buying an additional 300 shares during the period. Sterling Capital Management LLC grew its position in Tri Pointe Homes by 729.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after buying an additional 1,831 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after acquiring an additional 1,900 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TPH shares. Royal Bank of Canada lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Oppenheimer dropped their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Evercore ISI lowered their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tri Pointe Homes has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

Tri Pointe Homes Price Performance

NYSE:TPH traded down $0.32 during mid-day trading on Friday, reaching $31.45. 838,187 shares of the company were exchanged, compared to its average volume of 887,429. The stock has a market cap of $2.85 billion, a PE ratio of 6.51, a PEG ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a 12 month low of $27.90 and a 12 month high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $31.03 and a 200 day moving average of $35.74.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.25. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm had revenue of $720.79 million for the quarter, compared to analyst estimates of $713.65 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The company's quarterly revenue was down 21.5% on a year-over-year basis. On average, research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the completion of the sale, the chief executive officer now owns 627,833 shares of the company's stock, valued at $18,929,164.95. This represents a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.70% of the company's stock.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.