Tri Pointe Homes Inc. $TPH Holdings Decreased by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its position in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 94.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,350 shares of the construction company’s stock after selling 376,056 shares during the quarter. Squarepoint Ops LLC’s holdings in Tri Pointe Homes were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TPH. Hantz Financial Services Inc. increased its stake in Tri Pointe Homes by 2,659.4% during the second 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. Smartleaf Asset Management LLC grew its position in shares of Tri Pointe Homes by 56.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company’s stock valued at $67,000 after buying an additional 757 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Tri Pointe Homes by 104.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,100 shares during the period. GAMMA Investing LLC lifted its holdings in Tri Pointe Homes by 19.6% in the second quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company’s stock worth $76,000 after acquiring an additional 389 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Tri Pointe Homes by 16.6% in the second quarter. Blue Trust Inc. now owns 2,982 shares of the construction company’s stock valued at $95,000 after acquiring an additional 424 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

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

Tri Pointe Homes Stock Down 0.7%

TPH opened at $31.70 on Wednesday. Tri Pointe Homes Inc. has a 12 month low of $27.90 and a 12 month high of $38.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market cap of $2.72 billion, a P/E ratio of 9.35, a P/E/G ratio of 0.83 and a beta of 1.33. The stock’s 50 day moving average price is $32.54 and its 200 day moving average price is $33.08.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.20. The company had revenue of $836.87 million during the quarter, compared to analyst estimates of $782.22 million. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The firm’s quarterly revenue was down 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. As a group, research analysts predict that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

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.