Public Sector Pension Investment Board Decreases Stock Position in Tri Pointe Homes Inc. $TPH

Public Sector Pension Investment Board trimmed its stake in shares of Tri Pointe Homes Inc. (NYSE:TPHFree Report) by 3.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 341,317 shares of the construction company’s stock after selling 11,764 shares during the period. Public Sector Pension Investment Board’s holdings in Tri Pointe Homes were worth $11,595,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in shares of Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after buying an additional 345 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Tri Pointe Homes by 2,659.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock valued at $61,000 after purchasing an additional 1,835 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Tri Pointe Homes by 104.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock valued at $69,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Citizens Jmp started coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective for the company. Oppenheimer cut Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday. Citigroup initiated coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada set a $31.00 target price on shares of Tri Pointe Homes in a research report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Tri Pointe Homes currently has an average rating of “Hold” and an average target price of $39.40.

Get Our Latest Research Report on Tri Pointe Homes

Tri Pointe Homes Trading Up 26.9%

Shares of Tri Pointe Homes stock opened at $46.40 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $3.99 billion, a P/E ratio of 13.69, a PEG ratio of 1.38 and a beta of 1.39. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $46.47. The company’s fifty day moving average is $33.89 and its two-hundred day moving average is $33.62.

Tri Pointe Homes News Summary

Here are the key news stories impacting Tri Pointe Homes this week:

Tri Pointe Homes Company Profile

(Free Report)

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.

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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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