Meeder Asset Management Inc. Has $901,000 Position in TRI Pointe Group Inc (TPH)

Meeder Asset Management Inc. trimmed its position in TRI Pointe Group Inc (NYSE:TPH) by 24.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 50,284 shares of the construction company’s stock after selling 16,575 shares during the period. Meeder Asset Management Inc.’s holdings in TRI Pointe Group were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of TRI Pointe Group by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,202,998 shares of the construction company’s stock worth $160,958,000 after purchasing an additional 192,415 shares in the last quarter. State Street Corp boosted its position in shares of TRI Pointe Group by 9.1% during the 2nd quarter. State Street Corp now owns 6,403,500 shares of the construction company’s stock worth $84,461,000 after purchasing an additional 536,624 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of TRI Pointe Group by 1.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,187,528 shares of the construction company’s stock worth $44,020,000 after purchasing an additional 36,740 shares in the last quarter. Thornburg Investment Management Inc. boosted its position in shares of TRI Pointe Group by 1.3% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,009,911 shares of the construction company’s stock worth $41,567,000 after purchasing an additional 38,264 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of TRI Pointe Group by 7.5% during the 2nd quarter. Northern Trust Corp now owns 2,462,724 shares of the construction company’s stock worth $32,484,000 after purchasing an additional 172,438 shares in the last quarter.

In related news, CEO Douglas F. Bauer sold 75,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $1,353,000.00. Following the completion of the transaction, the chief executive officer now owns 289,313 shares of the company’s stock, valued at approximately $5,219,206.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas J. Mitchell sold 150,822 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total transaction of $2,839,978.26. Following the completion of the transaction, the insider now directly owns 274,312 shares of the company’s stock, valued at approximately $5,165,294.96. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Several equities research analysts have commented on TPH shares. Barclays set a $17.00 target price on shares of TRI Pointe Group and gave the stock a “hold” rating in a research report on Thursday, October 26th. JMP Securities boosted their target price on shares of TRI Pointe Group from $16.00 to $18.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 26th. B. Riley restated a “buy” rating on shares of TRI Pointe Group in a research report on Wednesday, November 1st. Wedbush boosted their target price on shares of TRI Pointe Group from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. Finally, Zacks Investment Research lowered shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.22.

Shares of TRI Pointe Group Inc (NYSE TPH) opened at $16.16 on Friday. TRI Pointe Group Inc has a 1 year low of $11.74 and a 1 year high of $19.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80. The company has a market cap of $2,513.73, a PE ratio of 15.19, a P/E/G ratio of 0.86 and a beta of 1.57.

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TRI Pointe Group Profile

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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