EJF Capital LLC lessened its position in TRI Pointe Group, Inc. (NYSE:TPH) by 20.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the construction company’s stock after selling 5,000 shares during the quarter. EJF Capital LLC’s holdings in TRI Pointe Group were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its stake in TRI Pointe Group by 8.0% in the third quarter. Stifel Financial Corp now owns 368,470 shares of the construction company’s stock valued at $5,067,000 after acquiring an additional 27,217 shares during the last quarter. Thornburg Investment Management Inc. grew its stake in shares of TRI Pointe Group by 1.3% during the third quarter. Thornburg Investment Management Inc. now owns 3,009,911 shares of the construction company’s stock valued at $41,567,000 after buying an additional 38,264 shares during the last quarter. Moody Aldrich Partners LLC grew its stake in shares of TRI Pointe Group by 15.4% during the third quarter. Moody Aldrich Partners LLC now owns 49,364 shares of the construction company’s stock valued at $682,000 after buying an additional 6,584 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of TRI Pointe Group by 15.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 784,999 shares of the construction company’s stock valued at $10,841,000 after buying an additional 105,562 shares during the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of TRI Pointe Group by 110.5% during the third quarter. WINTON GROUP Ltd now owns 255,068 shares of the construction company’s stock valued at $3,522,000 after buying an additional 133,867 shares during the last quarter.

TRI Pointe Group, Inc. (TPH) traded down $0.50 during trading on Wednesday, hitting $17.18. 2,503,200 shares of the stock were exchanged, compared to its average volume of 1,932,582. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2,659.65, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.18 and a beta of 1.74. TRI Pointe Group, Inc. has a one year low of $11.31 and a one year high of $18.44.

TRI Pointe Group (NYSE:TPH) last posted its earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $717.40 million during the quarter, compared to analyst estimates of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. TRI Pointe Group’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. sell-side analysts anticipate that TRI Pointe Group, Inc. will post 1.36 earnings per share for the current year.

In other news, VP Bradley William Blank sold 14,725 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $17.54, for a total transaction of $258,276.50. Following the completion of the sale, the vice president now directly owns 49,070 shares in the company, valued at $860,687.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael D. Grubbs sold 300,000 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $15.02, for a total transaction of $4,506,000.00. Following the sale, the chief financial officer now owns 163,828 shares of the company’s stock, valued at $2,460,696.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 913,459 shares of company stock valued at $15,111,927. 2.20% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on TPH shares. Gabelli raised their price objective on TRI Pointe Group from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and set a $20.00 price objective on shares of TRI Pointe Group in a research note on Thursday, October 26th. ValuEngine raised TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.00.

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About TRI Pointe Group

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.

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

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