Renaissance Technologies LLC lowered its position in Taylor Morrison Home Corp (NYSE:TMHC) by 54.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,100 shares of the construction company’s stock after selling 422,100 shares during the period. Renaissance Technologies LLC owned about 0.29% of Taylor Morrison Home worth $6,280,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TMHC. Commonwealth Bank of Australia purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at about $137,000. SG Americas Securities LLC raised its holdings in shares of Taylor Morrison Home by 57.5% in the second quarter. SG Americas Securities LLC now owns 16,418 shares of the construction company’s stock valued at $341,000 after purchasing an additional 5,995 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Taylor Morrison Home by 82.1% in the third quarter. Russell Investments Group Ltd. now owns 21,204 shares of the construction company’s stock valued at $382,000 after purchasing an additional 9,562 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Taylor Morrison Home by 48.1% in the third quarter. Victory Capital Management Inc. now owns 22,447 shares of the construction company’s stock valued at $405,000 after purchasing an additional 7,290 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at about $425,000. Institutional investors own 93.62% of the company’s stock.

TMHC opened at $18.22 on Friday. The stock has a market cap of $2.21 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.58 and a quick ratio of 1.07. Taylor Morrison Home Corp has a fifty-two week low of $14.73 and a fifty-two week high of $28.25.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.19. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. Taylor Morrison Home had a net margin of 5.34% and a return on equity of 11.21%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Analysts predict that Taylor Morrison Home Corp will post 2.22 earnings per share for the current year.

Several analysts have recently commented on the stock. Barclays downgraded shares of Taylor Morrison Home from an “equal weight” rating to a “sell” rating and lowered their target price for the company from $22.00 to $20.00 in a report on Friday, September 14th. ValuEngine lowered shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research report on Monday, September 17th. Zacks Investment Research upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday. JMP Securities lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, October 8th. Finally, Deutsche Bank increased their price target on shares of Taylor Morrison Home from $14.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Taylor Morrison Home presently has an average rating of “Hold” and an average target price of $22.89.

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About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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