Millennium Management LLC Boosts Stake in Taylor Morrison Home Corp (NYSE:TMHC)
Millennium Management LLC increased its holdings in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 1,457.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 793,745 shares of the construction company’s stock after acquiring an additional 742,793 shares during the period. Millennium Management LLC owned approximately 0.75% of Taylor Morrison Home worth $20,589,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of TMHC. Penserra Capital Management LLC grew its holdings in Taylor Morrison Home by 25.0% in the third quarter. Penserra Capital Management LLC now owns 4,740 shares of the construction company’s stock valued at $122,000 after purchasing an additional 948 shares during the period. Huntington National Bank purchased a new position in shares of Taylor Morrison Home during the 3rd quarter valued at approximately $26,000. Stanley Laman Group Ltd. grew its stake in Taylor Morrison Home by 2.5% in the 2nd quarter. Stanley Laman Group Ltd. now owns 49,874 shares of the construction company’s stock valued at $1,045,000 after acquiring an additional 1,205 shares during the period. Stifel Financial Corp increased its holdings in Taylor Morrison Home by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 148,512 shares of the construction company’s stock worth $3,852,000 after acquiring an additional 1,792 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Taylor Morrison Home by 875.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,507 shares of the construction company’s stock worth $64,000 after acquiring an additional 2,250 shares in the last quarter. Hedge funds and other institutional investors own 99.04% of the company’s stock.
NYSE TMHC opened at $22.74 on Tuesday. The business has a fifty day moving average price of $24.52 and a 200 day moving average price of $22.97. Taylor Morrison Home Corp has a one year low of $15.03 and a one year high of $28.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.61 and a current ratio of 7.32. The company has a market cap of $2.45 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.53 and a beta of 0.80.
In related news, CAO Joseph Terracciano sold 12,635 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $24.27, for a total transaction of $306,651.45. Following the transaction, the chief accounting officer now directly owns 11,035 shares in the company, valued at $267,819.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darrell Sherman sold 131,002 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $25.00, for a total transaction of $3,275,050.00. Following the transaction, the executive vice president now owns 97,725 shares in the company, valued at $2,443,125. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.
Several research firms have issued reports on TMHC. ValuEngine downgraded shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 6th. Wedbush reiterated an “outperform” rating on shares of Taylor Morrison Home in a research report on Thursday, September 19th. G.Research reissued a “hold” rating on shares of Taylor Morrison Home in a research note on Thursday, November 7th. Finally, B. Riley set a $29.00 price target on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Taylor Morrison Home currently has an average rating of “Buy” and an average target price of $24.50.
About Taylor Morrison Home
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.
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