Shufro Rose & Co. LLC Lowers Stock Holdings in TRI Pointe Group Inc (NYSE:TPH)

Shufro Rose & Co. LLC decreased its position in shares of TRI Pointe Group Inc (NYSE:TPH) by 2.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 287,217 shares of the construction company’s stock after selling 7,000 shares during the period. Shufro Rose & Co. LLC’s holdings in TRI Pointe Group were worth $3,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in TRI Pointe Group during the first quarter valued at about $33,000. Penserra Capital Management LLC purchased a new stake in TRI Pointe Group during the first quarter valued at about $56,000. Quadrant Capital Group LLC raised its position in TRI Pointe Group by 438.9% during the first quarter. Quadrant Capital Group LLC now owns 4,979 shares of the construction company’s stock valued at $61,000 after purchasing an additional 4,055 shares in the last quarter. Truvestments Capital LLC purchased a new stake in TRI Pointe Group during the first quarter valued at about $109,000. Finally, Marshall Wace LLP purchased a new stake in TRI Pointe Group during the first quarter valued at about $179,000.

A number of research analysts have recently issued reports on TPH shares. TheStreet cut TRI Pointe Group from a “b-” rating to a “c+” rating in a research note on Monday, July 15th. Zacks Investment Research cut TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Wedbush reaffirmed an “outperform” rating and set a $11.00 price objective on shares of TRI Pointe Group in a research note on Monday, April 8th. ValuEngine raised TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating and set a $14.00 price objective (down from $16.00) on shares of TRI Pointe Group in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $13.60.

Shares of NYSE:TPH remained flat at $$13.68 on Friday. The stock had a trading volume of 987,866 shares, compared to its average volume of 1,698,138. The stock has a 50 day moving average of $12.50. TRI Pointe Group Inc has a 52-week low of $10.37 and a 52-week high of $15.01. The firm has a market cap of $1.95 billion, a PE ratio of 7.20, a PEG ratio of 1.09 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. TRI Pointe Group had a return on equity of 9.96% and a net margin of 6.12%. The firm had revenue of $692.10 million for the quarter, compared to analysts’ expectations of $635.33 million. During the same period last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities research analysts expect that TRI Pointe Group Inc will post 1.25 earnings per share for the current year.

TRI Pointe Group Company Profile

TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and Colorado; and Winchester Homes in Maryland and Virginia.

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Institutional Ownership by Quarter for TRI Pointe Group (NYSE:TPH)

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