Russell Investments Group Ltd. acquired a new position in TRI Pointe Group Inc (NYSE:TPH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 209,922 shares of the company’s stock, valued at approximately $2,467,000. Russell Investments Group Ltd. owned approximately 0.13% of TRI Pointe Group at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TPH. Oakmont Corp acquired a new position in shares of TRI Pointe Group during the third quarter worth approximately $25,003,000. Prudential Financial Inc. boosted its position in shares of TRI Pointe Group by 99.7% in the third quarter. Prudential Financial Inc. now owns 3,412,890 shares of the company’s stock worth $44,982,000 after buying an additional 1,703,490 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of TRI Pointe Group by 24,388.3% in the third quarter. Victory Capital Management Inc. now owns 1,686,020 shares of the company’s stock worth $22,222,000 after buying an additional 1,679,135 shares during the last quarter. GRS Advisors LLC boosted its position in shares of TRI Pointe Group by 64.3% in the third quarter. GRS Advisors LLC now owns 1,584,200 shares of the company’s stock worth $20,880,000 after buying an additional 619,900 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of TRI Pointe Group by 29.8% in the third quarter. JPMorgan Chase & Co. now owns 1,372,090 shares of the company’s stock worth $18,085,000 after buying an additional 315,399 shares during the last quarter. 97.78% of the stock is owned by institutional investors and hedge funds.

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

TRI Pointe Group Inc (NYSE:TPH) opened at 12.86 on Tuesday. The company’s 50 day moving average is $12.33 and its 200-day moving average is $12.22. The stock has a market capitalization of $2.04 billion, a PE ratio of 10.63 and a beta of 1.73. TRI Pointe Group Inc has a 1-year low of $10.35 and a 1-year high of $14.20.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.01. The company had revenue of $773.30 million for the quarter, compared to analyst estimates of $792.88 million. TRI Pointe Group had a return on equity of 12.73% and a net margin of 8.87%. The business’s revenue was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. Analysts forecast that TRI Pointe Group Inc will post $1.29 earnings per share for the current fiscal year.

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A number of equities analysts have commented on TPH shares. Wedbush dropped their price objective on shares of TRI Pointe Group from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, February 21st. Zacks Investment Research raised shares of TRI Pointe Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 30th. Deutsche Bank AG cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $17.00 to $13.00 in a research note on Monday, February 27th. Barclays PLC initiated coverage on shares of TRI Pointe Group in a research note on Thursday, January 5th. They set an “overweight” rating and a $14.00 price target for the company. Finally, BTIG Research initiated coverage on shares of TRI Pointe Group in a research note on Tuesday, February 7th. They set a “sell” rating and a $10.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $14.44.

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. The Company’s 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.

5 Day Chart for NYSE:TPH

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