111 Capital Buys New Holdings in Taylor Morrison Home Corporation $TMHC

111 Capital acquired a new position in Taylor Morrison Home Corporation (NYSE:TMHC) during the second quarter, Holdings Channel.com reports. The firm acquired 3,855 shares of the construction company’s stock, valued at approximately $237,000.

Several other institutional investors also recently bought and sold shares of TMHC. GAMMA Investing LLC boosted its holdings in Taylor Morrison Home by 17,494.3% during the first quarter. GAMMA Investing LLC now owns 40,467 shares of the construction company’s stock worth $2,430,000 after buying an additional 40,237 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Taylor Morrison Home by 107.1% during the first quarter. UMB Bank n.a. now owns 1,114 shares of the construction company’s stock valued at $67,000 after acquiring an additional 576 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock valued at $48,000 after purchasing an additional 262 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock worth $51,000 after acquiring an additional 282 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Taylor Morrison Home by 8.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 40,000 shares of the construction company’s stock valued at $2,400,000 after purchasing an additional 3,100 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Curtis Vanhyfte sold 5,082 shares of Taylor Morrison Home stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $69.97, for a total transaction of $355,587.54. Following the completion of the transaction, the chief financial officer directly owned 11,742 shares of the company’s stock, valued at approximately $821,587.74. The trade was a 30.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anne L. Mariucci sold 14,002 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the transaction, the director owned 48,191 shares of the company’s stock, valued at $3,373,370. This trade represents a 22.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,351 shares of company stock worth $4,700,630. Corporate insiders own 1.40% of the company’s stock.

Taylor Morrison Home Stock Down 2.2%

Shares of NYSE:TMHC opened at $66.41 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $66.88 and its 200-day simple moving average is $61.96. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 7.67 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm earned $1.86 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TMHC. Bank of America boosted their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Taylor Morrison Home in a research note on Saturday, September 27th. Finally, Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $77.50.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.