American International Group Inc. Has $4.16 Million Position in TRI Pointe Group Inc (TPH)

American International Group Inc. lessened its position in shares of TRI Pointe Group Inc (NYSE:TPH) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 380,581 shares of the construction company’s stock after selling 26,180 shares during the period. American International Group Inc. owned 0.27% of TRI Pointe Group worth $4,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in TRI Pointe Group by 4.4% during the third quarter. Bank of New York Mellon Corp now owns 2,840,300 shares of the construction company’s stock worth $35,221,000 after buying an additional 120,053 shares during the last quarter. AQR Capital Management LLC raised its stake in TRI Pointe Group by 34.1% during the third quarter. AQR Capital Management LLC now owns 190,045 shares of the construction company’s stock worth $2,357,000 after buying an additional 48,327 shares during the last quarter. Jane Street Group LLC raised its stake in TRI Pointe Group by 44.7% during the third quarter. Jane Street Group LLC now owns 16,329 shares of the construction company’s stock worth $202,000 after buying an additional 5,044 shares during the last quarter. Royce & Associates LP raised its stake in TRI Pointe Group by 6.5% during the third quarter. Royce & Associates LP now owns 481,672 shares of the construction company’s stock worth $5,973,000 after buying an additional 29,500 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in TRI Pointe Group by 89.4% during the third quarter. SG Americas Securities LLC now owns 114,643 shares of the construction company’s stock worth $1,422,000 after buying an additional 54,117 shares during the last quarter.

TPH opened at $12.38 on Friday. TRI Pointe Group Inc has a 1-year low of $10.37 and a 1-year high of $18.48. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 6.52, a P/E/G ratio of 0.96 and a beta of 1.37.



TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. TRI Pointe Group had a net margin of 8.28% and a return on equity of 14.15%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that TRI Pointe Group Inc will post 1.29 earnings per share for the current year.

TPH has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of TRI Pointe Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 2nd. Evercore ISI downgraded shares of TRI Pointe Group from an “in-line” rating to an “underperform” rating in a research note on Thursday, February 28th. TheStreet raised shares of TRI Pointe Group from a “c+” rating to a “b-” rating in a research note on Monday, February 4th. JMP Securities lifted their price target on shares of TRI Pointe Group from $14.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $11.00 price target on shares of TRI Pointe Group in a research note on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.56.

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About TRI Pointe Group

TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.

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Institutional Ownership by Quarter for TRI Pointe Group (NYSE:TPH)

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