KAMES CAPITAL plc lessened its stake in Taylor Morrison Home Corp (NYSE:TMHC) by 20.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 43,435 shares of the construction company’s stock after selling 11,263 shares during the quarter. KAMES CAPITAL plc’s holdings in Taylor Morrison Home were worth $783,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. purchased a new position in Taylor Morrison Home in the 2nd quarter worth approximately $144,000. First Mercantile Trust Co. acquired a new position in Taylor Morrison Home in the 2nd quarter valued at $157,000. First Interstate Bank raised its stake in Taylor Morrison Home by 36.8% in the 2nd quarter. First Interstate Bank now owns 11,015 shares of the construction company’s stock valued at $229,000 after purchasing an additional 2,965 shares during the last quarter. Amalgamated Bank raised its stake in Taylor Morrison Home by 34.7% in the 1st quarter. Amalgamated Bank now owns 14,836 shares of the construction company’s stock valued at $345,000 after purchasing an additional 3,819 shares during the last quarter. Finally, GAM Holding AG acquired a new position in Taylor Morrison Home in the 2nd quarter valued at $318,000. 99.01% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TMHC opened at $15.71 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 6.86 and a quick ratio of 0.88. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 0.59 and a beta of 1.26. Taylor Morrison Home Corp has a 52-week low of $15.66 and a 52-week high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, August 1st. The construction company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $980.83 million during the quarter, compared to analysts’ expectations of $923.15 million. Taylor Morrison Home had a return on equity of 8.60% and a net margin of 3.97%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. As a group, equities analysts expect that Taylor Morrison Home Corp will post 2.6 earnings per share for the current fiscal year.

TMHC has been the subject of several recent research reports. JMP Securities reduced their price objective on Taylor Morrison Home from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Barclays set a $22.00 price objective on Taylor Morrison Home and gave the company a “hold” rating in a research note on Wednesday, August 1st. Zacks Investment Research downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. Susquehanna Bancshares reduced their price objective on Taylor Morrison Home from $34.00 to $30.00 and set a “positive” rating for the company in a research note on Thursday, August 2nd. Finally, Royal Bank of Canada started coverage on Taylor Morrison Home in a research note on Wednesday, June 27th. They issued a “sector perform” rating for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $27.75.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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

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