Quantbot Technologies LP Raises Holdings in Taylor Morrison Home Corporation $TMHC

Quantbot Technologies LP boosted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 44.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,567 shares of the construction company’s stock after purchasing an additional 39,424 shares during the period. Quantbot Technologies LP’s holdings in Taylor Morrison Home were worth $8,421,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TMHC. ORG Partners LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in Taylor Morrison Home in the 3rd quarter worth approximately $27,000. Atlantic Union Bankshares Corp purchased a new position in Taylor Morrison Home during the 2nd quarter worth approximately $28,000. AlphaCore Capital LLC acquired a new stake in Taylor Morrison Home during the 2nd quarter valued at approximately $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at $49,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

TMHC opened at $65.95 on Friday. The firm’s fifty day simple moving average is $63.20 and its two-hundred day simple moving average is $63.67. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $72.50. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 9.19 and a beta of 1.59. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup started coverage on shares of Taylor Morrison Home in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Zacks Research cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price objective on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Barclays lowered their target price on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.17.

Taylor Morrison Home Company Profile

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.