Wedge Capital Management L L P NC cut its position in TRI Pointe Group Inc (NYSE:TPH) by 40.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,909 shares of the construction company’s stock after selling 10,154 shares during the quarter. Wedge Capital Management L L P NC’s holdings in TRI Pointe Group were worth $224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of TRI Pointe Group by 3.5% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 307,860 shares of the construction company’s stock valued at $3,685,000 after purchasing an additional 10,490 shares during the period. Fisher Asset Management LLC boosted its position in shares of TRI Pointe Group by 9.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,030,024 shares of the construction company’s stock valued at $15,492,000 after purchasing an additional 91,896 shares during the period. Swiss National Bank boosted its position in shares of TRI Pointe Group by 1.7% in the 2nd quarter. Swiss National Bank now owns 263,547 shares of the construction company’s stock valued at $3,155,000 after purchasing an additional 4,400 shares during the period. Alpha Windward LLC acquired a new stake in shares of TRI Pointe Group in the 3rd quarter valued at about $467,000. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of TRI Pointe Group in the 2nd quarter valued at about $169,000.

TRI Pointe Group stock traded down $0.04 during mid-day trading on Friday, reaching $15.03. 1,230,940 shares of the company were exchanged, compared to its average volume of 1,607,459. TRI Pointe Group Inc has a twelve month low of $10.37 and a twelve month high of $16.33. The firm’s 50-day simple moving average is $15.23 and its two-hundred day simple moving average is $13.69. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $2.14 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. TRI Pointe Group had a return on equity of 9.72% and a net margin of 6.14%. The company had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $687.49 million. During the same period last year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that TRI Pointe Group Inc will post 1.31 EPS for the current year.

A number of analysts recently issued reports on TPH shares. B. Riley set a $18.00 target price on TRI Pointe Group and gave the company a “buy” rating in a research report on Tuesday, October 15th. ValuEngine raised TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday, October 18th. JMP Securities cut TRI Pointe Group from an “outperform” rating to a “market perform” rating in a research report on Friday, November 1st. They noted that the move was a valuation call. Finally, TheStreet raised TRI Pointe Group from a “c+” rating to a “b” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.50.

TRI Pointe Group Company Profile

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 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, 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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