Seven Eight Capital LP bought a new stake in Taylor Morrison Home Corp (NASDAQ:TMHC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,800 shares of the construction company’s stock, valued at approximately $1,076,000. Seven Eight Capital LP owned approximately 0.08% of Taylor Morrison Home Corp at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TMHC. Teachers Advisors LLC increased its position in Taylor Morrison Home Corp by 7.6% in the 4th quarter. Teachers Advisors LLC now owns 53,122 shares of the construction company’s stock valued at $1,023,000 after buying an additional 3,771 shares in the last quarter. Nationwide Fund Advisors increased its position in Taylor Morrison Home Corp by 68.8% in the 1st quarter. Nationwide Fund Advisors now owns 117,516 shares of the construction company’s stock valued at $2,505,000 after buying an additional 47,878 shares in the last quarter. Shell Asset Management Co. bought a new stake in Taylor Morrison Home Corp in the 1st quarter valued at about $541,000. Russell Investments Group Ltd. increased its position in Taylor Morrison Home Corp by 1,170.8% in the 1st quarter. Russell Investments Group Ltd. now owns 67,135 shares of the construction company’s stock valued at $1,431,000 after buying an additional 61,852 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Taylor Morrison Home Corp by 7.5% in the 1st quarter. Wells Fargo & Company MN now owns 594,965 shares of the construction company’s stock valued at $12,685,000 after buying an additional 41,700 shares in the last quarter.

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Shares of Taylor Morrison Home Corp (NASDAQ TMHC) opened at 20.94 on Friday. Taylor Morrison Home Corp has a one year low of $15.82 and a one year high of $24.79. The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of 12.61. The firm’s 50-day moving average price is $21.42 and its 200-day moving average price is $22.39.

Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The company had revenue of $908.49 million during the quarter, compared to the consensus estimate of $849.70 million. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. Analysts anticipate that Taylor Morrison Home Corp will post $1.94 earnings per share for the current year.

A number of analysts have commented on the company. BidaskClub raised Taylor Morrison Home Corp from a “strong sell” rating to a “sell” rating in a report on Tuesday. Deutsche Bank AG boosted their price objective on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Zacks Investment Research lowered Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, ValuEngine raised Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.00.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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Institutional Ownership by Quarter for Taylor Morrison Home Corp (NASDAQ:TMHC)

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