Y Intercept Hong Kong Ltd Sells 27,953 Shares of Tri Pointe Homes Inc. $TPH

Y Intercept Hong Kong Ltd lowered its position in Tri Pointe Homes Inc. (NYSE:TPH) by 31.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 61,402 shares of the construction company’s stock after selling 27,953 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Tri Pointe Homes were worth $2,086,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Wedge Capital Management L L P NC purchased a new stake in shares of Tri Pointe Homes during the third quarter valued at approximately $1,398,000. AE Wealth Management LLC raised its holdings in Tri Pointe Homes by 4,456.8% during the 2nd quarter. AE Wealth Management LLC now owns 348,918 shares of the construction company’s stock valued at $11,148,000 after buying an additional 341,261 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Tri Pointe Homes during the 2nd quarter valued at $6,063,000. Aristides Capital LLC purchased a new stake in Tri Pointe Homes during the 2nd quarter valued at $250,000. Finally, Moran Wealth Management LLC bought a new stake in Tri Pointe Homes in the 2nd quarter worth $2,143,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citizens Jmp started coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective for the company. Evercore ISI restated an “in-line” rating and set a $34.00 price target (down previously from $38.00) on shares of Tri Pointe Homes in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday. Citigroup began coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada set a $31.00 target price on Tri Pointe Homes in a research note on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.40.

Tri Pointe Homes Stock Up 0.0%

Shares of NYSE:TPH opened at $33.29 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $38.28. The firm has a market capitalization of $2.86 billion, a P/E ratio of 9.82, a P/E/G ratio of 0.99 and a beta of 1.35. The stock has a 50 day moving average price of $33.29 and a 200-day moving average price of $33.35.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.