Russell Investments Group Ltd. acquired a new position in TRI Pointe Group Inc (NYSE:TPH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 209,922 shares of the company’s stock, valued at approximately $2,467,000.

Other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position in TRI Pointe Group by 5.6% in the third quarter. LS Investment Advisors LLC now owns 9,474 shares of the company’s stock worth $125,000 after buying an additional 500 shares in the last quarter. 1st Global Advisors Inc. boosted its stake in shares of TRI Pointe Group by 9.4% in the third quarter. 1st Global Advisors Inc. now owns 11,268 shares of the company’s stock worth $149,000 after buying an additional 972 shares during the period. Stonebridge Capital Management Inc. acquired a new stake in shares of TRI Pointe Group during the third quarter worth approximately $154,000. Bridgewater Associates LP acquired a new stake in shares of TRI Pointe Group during the third quarter worth approximately $238,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of TRI Pointe Group during the third quarter worth approximately $272,000. Institutional investors own 97.78% of the company’s stock.

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

Shares of TRI Pointe Group Inc (NYSE:TPH) opened at 12.86 on Tuesday. The stock has a 50 day moving average of $12.33 and a 200-day moving average of $12.22. The firm has a market capitalization of $2.04 billion, a PE ratio of 10.63 and a beta of 1.73. TRI Pointe Group Inc has a 12 month low of $10.35 and a 12 month high of $14.20.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.01. TRI Pointe Group had a net margin of 8.87% and a return on equity of 12.73%. The firm earned $773.30 million during the quarter, compared to analysts’ expectations of $792.88 million. During the same quarter last year, the business earned $0.52 earnings per share. The business’s quarterly revenue was down 12.1% on a year-over-year basis. On average, equities research analysts anticipate that TRI Pointe Group Inc will post $1.29 EPS for the current fiscal year.

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A number of brokerages have recently commented on TPH. Zacks Investment Research upgraded shares of TRI Pointe Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 30th. Barclays PLC reiterated an “overweight” rating and issued a $14.00 target price on shares of TRI Pointe Group in a research report on Tuesday, March 7th. FBR & Co reiterated an “outperform” rating and issued a $16.00 target price on shares of TRI Pointe Group in a research report on Thursday, February 23rd. BTIG Research began coverage on shares of TRI Pointe Group in a research report on Tuesday, February 7th. They issued a “sell” rating and a $10.00 target price for the company. Finally, Deutsche Bank AG cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $17.00 to $13.00 in a research report on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. TRI Pointe Group has a consensus rating of “Hold” and an average target price of $14.44.

TRI Pointe Group Company Profile

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. The Company’s 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.

5 Day Chart for NYSE:TPH

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