SG Americas Securities LLC grew its stake in shares of TRI Pointe Group Inc (NYSE:TPH) by 38.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 73,344 shares of the construction company’s stock after buying an additional 20,288 shares during the quarter. SG Americas Securities LLC’s holdings in TRI Pointe Group were worth $1,314,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of TRI Pointe Group by 1.6% during the second quarter. Vanguard Group Inc. now owns 12,202,998 shares of the construction company’s stock valued at $160,958,000 after purchasing an additional 192,415 shares during the period. State Street Corp lifted its stake in TRI Pointe Group by 9.1% in the second quarter. State Street Corp now owns 6,403,500 shares of the construction company’s stock worth $84,461,000 after acquiring an additional 536,624 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in TRI Pointe Group by 1.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,187,528 shares of the construction company’s stock worth $44,020,000 after acquiring an additional 36,740 shares during the period. Thornburg Investment Management Inc. lifted its stake in TRI Pointe Group by 1.3% in the third quarter. Thornburg Investment Management Inc. now owns 3,009,911 shares of the construction company’s stock worth $41,567,000 after acquiring an additional 38,264 shares during the period. Finally, Northern Trust Corp lifted its stake in TRI Pointe Group by 7.5% in the second quarter. Northern Trust Corp now owns 2,462,724 shares of the construction company’s stock worth $32,484,000 after acquiring an additional 172,438 shares during the period.

TRI Pointe Group Inc (TPH) opened at $16.25 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $2,444.52, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 0.84 and a beta of 1.57. TRI Pointe Group Inc has a 52-week low of $11.74 and a 52-week high of $19.55.

A number of analysts recently commented on TPH shares. Barclays set a $17.00 price target on TRI Pointe Group and gave the stock a “hold” rating in a research note on Thursday, October 26th. JMP Securities raised their price target on TRI Pointe Group from $16.00 to $18.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 26th. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. Wedbush raised their price target on TRI Pointe Group from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, December 29th. Finally, Zacks Investment Research lowered TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. TRI Pointe Group has a consensus rating of “Buy” and an average price target of $18.22.

In other TRI Pointe Group news, CEO Douglas F. Bauer sold 75,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $1,353,000.00. Following the completion of the transaction, the chief executive officer now owns 289,313 shares of the company’s stock, valued at $5,219,206.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas J. Mitchell sold 150,822 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total value of $2,839,978.26. Following the transaction, the insider now directly owns 274,312 shares of the company’s stock, valued at approximately $5,165,294.96. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://theolympiareport.com/2018/02/12/sg-americas-securities-llc-has-1-31-million-stake-in-tri-pointe-group-inc-tph.html.

TRI Pointe Group Profile

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.

Want to see what other hedge funds are holding TPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TRI Pointe Group Inc (NYSE:TPH).

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

Receive News & Ratings for TRI Pointe Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group and related companies with MarketBeat.com's FREE daily email newsletter.