TRI Pointe Group, Inc. (TPH) Position Cut by Ironwood Investment Management LLC

Ironwood Investment Management LLC decreased its position in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 4.8% during the first quarter, Holdings Channel reports. The firm owned 36,213 shares of the construction company’s stock after selling 1,813 shares during the period. Ironwood Investment Management LLC’s holdings in TRI Pointe Group were worth $454,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Meadow Creek Investment Management LLC raised its stake in shares of TRI Pointe Group by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 9,180 shares of the construction company’s stock worth $115,000 after buying an additional 1,938 shares during the period. 1st Global Advisors Inc. raised its stake in shares of TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock worth $138,000 after buying an additional 984 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in shares of TRI Pointe Group during the first quarter worth approximately $178,000. Trexquant Investment LP acquired a new stake in shares of TRI Pointe Group during the first quarter worth approximately $178,000. Finally, Princeton Alpha Management LP acquired a new stake in shares of TRI Pointe Group during the first quarter worth approximately $179,000. Institutional investors and hedge funds own 98.68% of the company’s stock.

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

TRI Pointe Group, Inc. (NYSE:TPH) traded up 0.48% during trading on Friday, reaching $12.52. 1,374,961 shares of the company’s stock were exchanged. TRI Pointe Group, Inc. has a 12 month low of $10.35 and a 12 month high of $14.20. The firm has a 50 day moving average of $12.48 and a 200-day moving average of $12.33. The stock has a market cap of $1.99 billion, a PE ratio of 11.56 and a beta of 1.67.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, April 26th. The construction company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $392 million during the quarter, compared to the consensus estimate of $364.07 million. TRI Pointe Group had a return on equity of 9.60% and a net margin of 7.38%. TRI Pointe Group’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. On average, equities research analysts anticipate that TRI Pointe Group, Inc. will post $1.29 earnings per share for the current fiscal year.

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A number of brokerages have commented on TPH. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Barclays PLC restated an “overweight” rating and set a $14.00 price target on shares of TRI Pointe Group in a research note on Tuesday, March 7th. FBR & Co restated an “outperform” rating and set a $16.00 price target on shares of TRI Pointe Group in a research note on Thursday, February 23rd. ValuEngine lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $17.00 to $13.00 in a research note on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. TRI Pointe Group has a consensus rating of “Hold” and an average price target of $14.38.

TRI Pointe Group Company Profile

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

Want to see what other hedge funds are holding TPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TRI Pointe Group, Inc. (NYSE:TPH).

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