Tri Pointe Homes Inc. $TPH Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its holdings in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 94.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,350 shares of the construction company’s stock after selling 376,056 shares during the period. Squarepoint Ops LLC’s holdings in Tri Pointe Homes were worth $650,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. raised its stake in shares of Tri Pointe Homes by 14.1% in the 1st quarter. Raymond James Financial Inc. now owns 419,832 shares of the construction company’s stock valued at $13,402,000 after acquiring an additional 51,862 shares during the period. Hsbc Holdings PLC increased its holdings in Tri Pointe Homes by 86.2% in the 1st quarter. Hsbc Holdings PLC now owns 48,519 shares of the construction company’s stock valued at $1,541,000 after purchasing an additional 22,462 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Tri Pointe Homes by 56.5% in the first quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company’s stock valued at $67,000 after purchasing an additional 757 shares during the period. Jump Financial LLC acquired a new position in shares of Tri Pointe Homes during the first quarter worth about $1,261,000. Finally, Rafferty Asset Management LLC boosted its position in shares of Tri Pointe Homes by 5.3% in the first quarter. Rafferty Asset Management LLC now owns 66,612 shares of the construction company’s stock worth $2,126,000 after buying an additional 3,329 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Down 0.7%

TPH stock opened at $31.70 on Wednesday. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $38.96. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $2.72 billion, a P/E ratio of 9.35, a PEG ratio of 0.83 and a beta of 1.33. The firm has a 50 day simple moving average of $32.54 and a 200-day simple moving average of $33.08.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, October 23rd. The construction company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.20. The firm had revenue of $836.87 million for the quarter, compared to the consensus estimate of $782.22 million. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. The firm’s revenue was down 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. On average, equities research analysts predict that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on TPH. Evercore ISI reiterated an “in-line” rating and set a $34.00 target price (down from $38.00) on shares of Tri Pointe Homes in a report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Tri Pointe Homes from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.25.

Tri Pointe Homes Profile

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.