Jane Street Group LLC Has $2.69 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Jane Street Group LLC cut its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 74,037 shares of the construction company's stock after selling 97,588 shares during the quarter. Jane Street Group LLC owned 0.08% of Tri Pointe Homes worth $2,685,000 as of its most recent filing with the SEC.

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

Tri Pointe Homes Price Performance

Shares of TPH traded up $0.02 during mid-day trading on Tuesday, hitting $31.57. 29,933 shares of the company traded hands, compared to its average volume of 896,079. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a one year low of $27.90 and a one year high of $47.78. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $30.97 and a 200 day moving average of $35.20.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. During the same quarter in the prior year, the business posted $1.03 EPS. The firm's quarterly revenue was down 21.5% on a year-over-year basis. As a group, equities analysts expect that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Tri Pointe Homes

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