Ruffer LLP Has $222,000 Position in Taylor Morrison Home Corporation $TMHC

Ruffer LLP trimmed its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 96.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,363 shares of the construction company’s stock after selling 98,157 shares during the period. Ruffer LLP’s holdings in Taylor Morrison Home were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TMHC. ORG Partners LLC acquired a new position in Taylor Morrison Home during the third quarter valued at approximately $26,000. Root Financial Partners LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth approximately $27,000. Atlantic Union Bankshares Corp bought a new stake in shares of Taylor Morrison Home during the 2nd quarter worth approximately $28,000. AlphaCore Capital LLC acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at approximately $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Taylor Morrison Home in the third quarter valued at $49,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $61.19 on Thursday. The firm has a market cap of $5.98 billion, a P/E ratio of 7.37 and a beta of 1.59. The business’s 50 day moving average is $61.51 and its 200-day moving average is $63.23. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $72.50.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays reaffirmed an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research report on Monday, December 8th. Bank of America reiterated a “neutral” rating and issued a $70.00 target price (up from $68.00) on shares of Taylor Morrison Home in a research note on Friday, January 16th. Zacks Research cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Citizens Jmp assumed coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.14.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.