TRI Pointe Group, Inc. (NYSE:TPH) Shares Sold by Credit Suisse AG

Evrard Martin
Août 12, 2017

(NYSE:TPH) by 83.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 98.68% of the company's stock. 1st Global Advisors Inc. increased its position in TRI Pointe Group by 9.8% in the first quarter.

These firms have also modified their investment in TPH. Trexquant Investment LP purchased a new position in TRI Pointe Group during the first quarter valued at approximately $178,000. Citigroup Inc. cut shares of TRI Pointe Group from a "buy" rating to a "neutral" rating and set a $15.00 price objective on the stock.in a research report on Thursday, July 27th. Riverhead Management Lc invested in 5,300 shares or 0% of the stock.

Hotchkis & Wiley Capital Management LLC says it sold 219,360 shares in quarter ending 06/30/2017 decreasing its stake in TRI Pointe Group, Inc. Retirement Systems of Alabama now owns 213,875 shares of the construction company's stock valued at $2,682,000 after buying an additional 25,779 shares during the last quarter. Finally, Princeton Alpha Management LP purchased a new position in TRI Pointe Group during the first quarter valued at approximately $179,000. Vanguard Group Inc. now owns 12,010,583 shares of the construction company's stock worth $150,613,000 after buying an additional 1,041,363 shares during the period. New York State Teachers Retirement System raised its position in TRI Pointe Group by 0.3% in the fourth quarter. State Street Corp now owns 5,866,876 shares of the construction company's stock worth $73,571,000 after buying an additional 311,836 shares during the period.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. TRI Pointe Group, Inc.

The company is so far trading up by 0.18 percent from yesterday's close.

Teachers Advisors LLC decreased its position in TRI Pointe Group, Inc. The stock has a market capitalization of $2.09 billion, a P/E ratio of 16.37 and a beta of 1.66. Company chares are trading at $13.73 a tad higher than the 50 day moving average which is $13.45 and well above the 200 day moving average of $12.68. Below is a list of TRI Pointe Group Inc (NYSE:TPH) latest ratings and price target changes. The firm had revenue of $568.80 million for the quarter, compared to analyst estimates of $563.72 million. The California-based Wells Fargo And Mn has invested 0% in TRI Pointe Group Inc (NYSE:TPH). During the same period in the previous year, the business earned $0.46 EPS. On average, analysts expect that TRI Pointe Group, Inc. will post $1.35 EPS for the current year.

TRI Pointe Group declared that its board has approved a stock repurchase program on Wednesday, July 26th that permits the company to buyback $50.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Another recent and important TRI Pointe Group Inc (NYSE:TPH) news was published by Nasdaq.com which published an article titled: "TRI Pointe Group, Inc".

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A number of analysts have commented on TPH shares. BidaskClub raised TRI Pointe Group from a "hold" rating to a "buy" rating in a report on Saturday, July 1st. Zacks Investment Research raised shares of TRI Pointe Group from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of TRI Pointe Group from a "hold" rating to a "sell" rating in a research note on Wednesday, April 26th. Finally, Barclays PLC cut shares of TRI Pointe Group from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective on the stock.in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. TRI Pointe Group presently has a consensus rating of "Hold" and an average price target of $14.13. The Company's homebuilding operation consists of six divisions: Maracay Homes, including activities in Arizona; Pardee Homes, consisting of activities in California and Nevada; Quadrant Homes, consisting of activities in Washington; Trendmaker Homes, consisting of activities in Texas; TRI Pointe Homes, consisting of activities in California and Colorado, and Winchester Homes, consisting of activities in Maryland and Virginia. The Company's activities are organized in two principal businesses, including homebuilding and financial services.

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