Taylor Morrison Home Corp (NYSE:TMHC) Sees Significant Growth in Short Interest
Taylor Morrison Home Corp (NYSE:TMHC) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 6,000,000 shares, a growth of 11.7% from the January 15th total of 5,370,000 shares. Currently, 5.7% of the shares of the company are short sold. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is currently 3.6 days.
Shares of Taylor Morrison Home stock traded up $0.31 on Friday, hitting $27.78. 1,804,100 shares of the company’s stock were exchanged, compared to its average volume of 2,957,103. The company has a 50-day simple moving average of $24.66 and a 200-day simple moving average of $24.13. The stock has a market capitalization of $2.89 billion, a PE ratio of 11.77 and a beta of 0.72. Taylor Morrison Home has a 1 year low of $16.07 and a 1 year high of $28.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.61 and a current ratio of 7.32.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 5th. The construction company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.08. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Taylor Morrison Home had a net margin of 5.35% and a return on equity of 13.02%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS. On average, analysts expect that Taylor Morrison Home will post 3.05 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in Taylor Morrison Home in the 4th quarter valued at $2,317,000. Cubist Systematic Strategies LLC increased its holdings in Taylor Morrison Home by 95.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 243,223 shares of the construction company’s stock valued at $5,317,000 after acquiring an additional 119,086 shares during the last quarter. AQR Capital Management LLC increased its holdings in Taylor Morrison Home by 26.9% in the 4th quarter. AQR Capital Management LLC now owns 668,245 shares of the construction company’s stock valued at $14,608,000 after acquiring an additional 141,845 shares during the last quarter. Jane Street Group LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at $338,000. Finally, Blueshift Asset Management LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at $1,747,000. Institutional investors and hedge funds own 99.45% of the company’s stock.
Several equities research analysts recently issued reports on TMHC shares. G.Research restated a “hold” rating on shares of Taylor Morrison Home in a report on Thursday, November 7th. ValuEngine upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. started coverage on shares of Taylor Morrison Home in a research note on Monday. They set an “overweight” rating and a $33.00 price target on the stock. Finally, Zacks Investment Research cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.88.
About Taylor Morrison Home
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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.
Read More: What is a Call Option?
Receive News & Ratings for Taylor Morrison Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home and related companies with MarketBeat.com's FREE daily email newsletter.