TRI Pointe Group, Inc. (TPH) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its holdings in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 216,508 shares of the construction company’s stock after acquiring an additional 788 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of TRI Pointe Group worth $2,856,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. World Asset Management Inc purchased a new stake in shares of TRI Pointe Group during the second quarter worth about $132,000. Cornerstone Financial Partners LLC purchased a new stake in shares of TRI Pointe Group during the second quarter worth about $148,000. Teacher Retirement System of Texas grew its stake in shares of TRI Pointe Group by 6.0% during the second quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock worth $168,000 after acquiring an additional 725 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of TRI Pointe Group by 33.4% during the second quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock worth $173,000 after acquiring an additional 3,276 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of TRI Pointe Group during the first quarter worth about $178,000.

Shares of TRI Pointe Group, Inc. (TPH) opened at 14.49 on Thursday. The firm has a market cap of $2.19 billion, a P/E ratio of 17.21 and a beta of 1.68. The company’s 50 day moving average price is $13.24 and its 200-day moving average price is $12.96. TRI Pointe Group, Inc. has a 12-month low of $10.35 and a 12-month high of $14.50.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $568.80 million for the quarter, compared to the consensus estimate of $563.72 million. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. On average, equities research analysts anticipate that TRI Pointe Group, Inc. will post $1.34 EPS for the current year.

TRI Pointe Group declared that its board has initiated a share repurchase program on Wednesday, July 26th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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A number of equities research analysts have recently weighed in on the company. Citigroup Inc. lowered TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Thursday, July 27th. ValuEngine upgraded TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. TheStreet upgraded TRI Pointe Group from a “c” rating to a “b-” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. TRI Pointe Group presently has a consensus rating of “Hold” and an average price target of $14.13.

TRI Pointe Group Company 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.

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

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