GSA Capital Partners LLP lessened its holdings in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) by 57.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,473 shares of the construction company’s stock after selling 112,586 shares during the quarter. GSA Capital Partners LLP owned approximately 0.14% of Taylor Morrison Home Corp worth $1,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in TMHC. Teachers Advisors LLC raised its holdings in shares of Taylor Morrison Home Corp by 7.6% during the fourth quarter. Teachers Advisors LLC now owns 53,122 shares of the construction company’s stock valued at $1,023,000 after acquiring an additional 3,771 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Taylor Morrison Home Corp by 68.8% in the first quarter. Nationwide Fund Advisors now owns 117,516 shares of the construction company’s stock worth $2,505,000 after purchasing an additional 47,878 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Taylor Morrison Home Corp by 1,170.8% in the first quarter. Russell Investments Group Ltd. now owns 67,135 shares of the construction company’s stock worth $1,431,000 after purchasing an additional 61,852 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Taylor Morrison Home Corp by 7.5% in the first quarter. Wells Fargo & Company MN now owns 594,965 shares of the construction company’s stock worth $12,685,000 after purchasing an additional 41,700 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in Taylor Morrison Home Corp by 7.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,182 shares of the construction company’s stock worth $409,000 after purchasing an additional 1,363 shares in the last quarter.

A number of research firms have issued reports on TMHC. BidaskClub upgraded Taylor Morrison Home Corp from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 12th. Deutsche Bank AG increased 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 downgraded Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, ValuEngine upgraded Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $24.00.

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Taylor Morrison Home Corp (TMHC) opened at 20.98 on Friday. The company has a market cap of $1.52 billion and a P/E ratio of 12.63. Taylor Morrison Home Corp has a 12-month low of $15.82 and a 12-month high of $24.79. The firm has a 50-day moving average price of $21.26 and a 200-day moving average price of $22.43.

Taylor Morrison Home Corp (NASDAQ:TMHC) last issued its earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The business had revenue of $908.49 million during the quarter, compared to analysts’ expectations of $849.70 million. During the same period in the prior year, the business earned $0.37 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Taylor Morrison Home Corp will post $1.94 earnings per share for the current fiscal year.

Taylor Morrison Home Corp announced that its Board of Directors has authorized a stock buyback program on Monday, September 18th that permits the company to repurchase $43.60 million in shares. This repurchase authorization permits the construction company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

About Taylor Morrison Home Corp

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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