Magnetar Financial LLC Takes $3.56 Million Position in Taylor Morrison Home Corporation $TMHC

Magnetar Financial LLC acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 53,869 shares of the construction company’s stock, valued at approximately $3,556,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMHC. Van ECK Associates Corp raised its stake in Taylor Morrison Home by 1.4% during the 3rd quarter. Van ECK Associates Corp now owns 76,098 shares of the construction company’s stock worth $5,023,000 after acquiring an additional 1,068 shares during the period. Fieldview Capital Management LLC bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $505,000. WINTON GROUP Ltd bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $304,000. Schroder Investment Management Group increased its stake in shares of Taylor Morrison Home by 22.9% in the third quarter. Schroder Investment Management Group now owns 30,032 shares of the construction company’s stock worth $1,995,000 after purchasing an additional 5,601 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Taylor Morrison Home in the third quarter worth $1,737,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TMHC shares. 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. Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Bank of America reissued a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. Barclays dropped their price objective on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Citigroup started coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

Taylor Morrison Home Price Performance

TMHC stock opened at $59.57 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31. The company’s fifty day moving average price is $63.65 and its 200-day moving average price is $63.31. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $72.50. The company has a market capitalization of $5.74 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 8.27 and a beta of 1.58.

Taylor Morrison Home 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.