Keeley Teton Advisors LLC Lowers Stake in TRI Pointe Group, Inc. (TPH)

Keeley Teton Advisors LLC decreased its position in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 18.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,581,236 shares of the construction company’s stock after selling 362,980 shares during the period. TRI Pointe Group accounts for 1.2% of Keeley Teton Advisors LLC’s holdings, making the stock its 28th biggest position. Keeley Teton Advisors LLC owned 1.05% of TRI Pointe Group worth $21,837,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. World Asset Management Inc purchased a new stake in TRI Pointe Group during the second quarter valued at approximately $132,000. Shelton Capital Management purchased a new stake in TRI Pointe Group during the second quarter valued at approximately $146,000. Teacher Retirement System of Texas lifted its position in TRI Pointe Group by 6.0% during the second quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock valued at $168,000 after acquiring an additional 725 shares during the last quarter. Riverhead Capital Management LLC lifted its position in TRI Pointe Group by 89.9% during the second quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock valued at $168,000 after acquiring an additional 6,020 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its position in TRI Pointe Group by 33.4% during the second quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock valued at $173,000 after acquiring an additional 3,276 shares during the last quarter.

A number of research firms recently commented on TPH. B. Riley reissued a “buy” rating on shares of TRI Pointe Group in a research report on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and issued a $20.00 price target on shares of TRI Pointe Group in a report on Thursday, October 26th. Barclays set a $17.00 price target on shares of TRI Pointe Group and gave the stock a “hold” rating in a report on Thursday, October 26th. Gabelli raised their price target on shares of TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, JMP Securities raised their price target on shares of TRI Pointe Group from $16.00 to $18.00 and gave the stock a “market outperform” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. TRI Pointe Group currently has a consensus rating of “Hold” and a consensus price target of $17.00.

TRI Pointe Group, Inc. (NYSE TPH) traded down $0.50 during midday trading on Wednesday, hitting $17.18. 2,503,200 shares of the company’s stock were exchanged, compared to its average volume of 1,932,582. The stock has a market capitalization of $2,659.65, a PE ratio of 16.07, a P/E/G ratio of 1.18 and a beta of 1.74. TRI Pointe Group, Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $18.44. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $717.40 million during the quarter, compared to analysts’ expectations of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share. sell-side analysts forecast that TRI Pointe Group, Inc. will post 1.36 earnings per share for the current year.

In other news, CFO Michael D. Grubbs sold 300,000 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $15.02, for a total value of $4,506,000.00. Following the sale, the chief financial officer now owns 163,828 shares in the company, valued at $2,460,696.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas J. Mitchell sold 291,039 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $17.04, for a total transaction of $4,959,304.56. Following the completion of the sale, the insider now owns 274,312 shares in the company, valued at approximately $4,674,276.48. The disclosure for this sale can be found here. Insiders sold 913,459 shares of company stock worth $15,111,927 in the last quarter. Company insiders own 2.20% of the company’s stock.

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About TRI Pointe Group

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

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Institutional Ownership by Quarter for TRI Pointe Group (NYSE:TPH)

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