AE Wealth Management LLC Has $13.96 Million Holdings in Tri Pointe Homes Inc. $TPH

AE Wealth Management LLC boosted its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 410,836 shares of the construction company’s stock after acquiring an additional 61,918 shares during the quarter. AE Wealth Management LLC’s holdings in Tri Pointe Homes were worth $13,956,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday. Evercore ISI reissued an “in-line” rating and set a $34.00 target price (down previously from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada set a $31.00 target price on Tri Pointe Homes in a report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Tri Pointe Homes has a consensus rating of “Moderate Buy” and a consensus target price of $39.40.

Tri Pointe Homes Stock Up 1.2%

Tri Pointe Homes stock opened at $33.68 on Friday. The firm has a 50 day moving average price of $33.35 and a 200-day moving average price of $33.35. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $38.28. The company has a market capitalization of $2.89 billion, a P/E ratio of 9.93, a P/E/G ratio of 0.99 and a beta of 1.35.

About Tri Pointe Homes

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.