HAP Trading LLC lifted its position in TRI Pointe Group, Inc. (NYSE:TPH) by 26.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,726 shares of the construction company’s stock after acquiring an additional 11,576 shares during the quarter. HAP Trading LLC’s holdings in TRI Pointe Group were worth $722,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TPH. Louisiana State Employees Retirement System raised its holdings in shares of TRI Pointe Group by 11.4% in the first quarter. Louisiana State Employees Retirement System now owns 40,100 shares of the construction company’s stock valued at $503,000 after acquiring an additional 4,100 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of TRI Pointe Group by 13.7% in the first quarter. Retirement Systems of Alabama now owns 213,875 shares of the construction company’s stock valued at $2,682,000 after acquiring an additional 25,779 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of TRI Pointe Group by 2.3% in the first quarter. Nationwide Fund Advisors now owns 375,995 shares of the construction company’s stock valued at $4,715,000 after acquiring an additional 8,417 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of TRI Pointe Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,670 shares of the construction company’s stock valued at $635,000 after acquiring an additional 700 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of TRI Pointe Group by 5.2% in the first quarter. Wells Fargo & Company MN now owns 123,004 shares of the construction company’s stock valued at $1,543,000 after acquiring an additional 6,083 shares in the last quarter. Hedge funds and other institutional investors own 98.68% of the company’s stock.

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TRI Pointe Group, Inc. (TPH) traded down 1.023% during trading on Wednesday, reaching $13.065. The company’s stock had a trading volume of 193,731 shares. TRI Pointe Group, Inc. has a 1-year low of $10.35 and a 1-year high of $14.21. The stock has a 50 day moving average price of $13.25 and a 200 day moving average price of $12.79. The stock has a market capitalization of $1.98 billion, a PE ratio of 15.517 and a beta of 1.66.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $568.80 million for the quarter, compared to analyst estimates of $563.72 million. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. TRI Pointe Group’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. Analysts anticipate that TRI Pointe Group, Inc. will post $1.35 earnings per share for the current fiscal year.

TRI Pointe Group announced that its board has initiated a share repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

TPH has been the subject of several recent research reports. BidaskClub downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Barclays PLC downgraded TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a report on Tuesday, July 11th. TheStreet upgraded TRI Pointe Group from a “c” rating to a “b-” rating in a report on Monday, July 10th. Zacks Investment Research downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. TRI Pointe Group has a consensus rating of “Hold” and a consensus price target of $14.13.

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.

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

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