Los Angeles Capital Management & Equity Research Inc. lowered its position in TRI Pointe Group, Inc. (NYSE:TPH) by 52.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,891 shares of the construction company’s stock after selling 35,220 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in TRI Pointe Group were worth $400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPH. Russell Investments Group Ltd. purchased a new position in TRI Pointe Group during the fourth quarter worth $2,467,000. Comerica Bank increased its position in TRI Pointe Group by 5.0% in the fourth quarter. Comerica Bank now owns 129,882 shares of the construction company’s stock worth $1,547,000 after buying an additional 6,210 shares during the period. Dimensional Fund Advisors LP increased its position in TRI Pointe Group by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,004,746 shares of the construction company’s stock worth $137,817,000 after buying an additional 2,070,855 shares during the period. Cortina Asset Management LLC increased its position in TRI Pointe Group by 1.1% in the fourth quarter. Cortina Asset Management LLC now owns 398,205 shares of the construction company’s stock worth $4,571,000 after buying an additional 4,176 shares during the period. Finally, Thompson Siegel & Walmsley LLC purchased a new position in TRI Pointe Group during the fourth quarter worth $15,271,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.

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

Shares of TRI Pointe Group, Inc. (TPH) opened at 12.48 on Friday. The stock has a market cap of $1.98 billion, a P/E ratio of 11.52 and a beta of 1.67. The company has a 50 day moving average price of $12.47 and a 200 day moving average price of $12.30. TRI Pointe Group, Inc. has a 1-year low of $10.35 and a 1-year high of $14.20.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Wednesday, April 26th. The construction company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.03. TRI Pointe Group had a net margin of 7.38% and a return on equity of 9.60%. The company had revenue of $392 million for the quarter, compared to the consensus estimate of $364.07 million. During the same period in the prior year, the firm posted $0.18 EPS. The business’s revenue was down 7.4% on a year-over-year basis. On average, equities analysts anticipate that TRI Pointe Group, Inc. will post $1.29 EPS for the current year.

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A number of research analysts have weighed in on TPH shares. Wedbush reduced their target price on TRI Pointe Group from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. Zacks Investment Research downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Thursday, February 23rd. FBR & Co reiterated an “outperform” rating and set a $16.00 target price on shares of TRI Pointe Group in a report on Thursday, February 23rd. Deutsche Bank AG downgraded TRI Pointe Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $17.00 to $13.00 in a report on Monday, February 27th. Finally, Barclays PLC reiterated an “overweight” rating and set a $14.00 target price on shares of TRI Pointe Group in a report on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.38.

In related news, Director Barry S. Sternlicht sold 11,985,905 shares of TRI Pointe Group stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $12.76, for a total transaction of $152,940,147.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.40% of the company’s stock.

About TRI Pointe Group

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

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