Exchange Traded Concepts LLC Has $2.20 Million Position in Taylor Morrison Home Corporation $TMHC

Exchange Traded Concepts LLC lessened its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 26.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,350 shares of the construction company’s stock after selling 13,294 shares during the period. Exchange Traded Concepts LLC’s holdings in Taylor Morrison Home were worth $2,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its position in Taylor Morrison Home by 14.9% during the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after buying an additional 200 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Taylor Morrison Home by 4.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after acquiring an additional 204 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Taylor Morrison Home by 30.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after acquiring an additional 211 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Taylor Morrison Home by 6.0% in the third quarter. Profund Advisors LLC now owns 3,999 shares of the construction company’s stock worth $264,000 after acquiring an additional 227 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Taylor Morrison Home by 5.9% in the third quarter. US Bancorp DE now owns 4,727 shares of the construction company’s stock worth $312,000 after acquiring an additional 262 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays decreased their price target on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Royal Bank Of Canada boosted their price objective on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Citizens Jmp initiated coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective on the stock. Finally, Bank of America reissued a “neutral” rating on shares of Taylor Morrison Home in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $58.23 on Wednesday. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 7.85 and a beta of 1.58. The firm’s 50 day simple moving average is $62.74 and its 200 day simple moving average is $62.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $72.50.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.