Aristeia Capital L.L.C. Buys Shares of 12,993 Taylor Morrison Home Corporation $TMHC

Aristeia Capital L.L.C. bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,993 shares of the construction company’s stock, valued at approximately $765,000.

Other hedge funds have also recently made changes to their positions in the company. Penn Capital Management Company LLC bought a new stake in shares of Taylor Morrison Home in the third quarter valued at $13,201,000. JPMorgan Chase & Co. raised its stake in shares of Taylor Morrison Home by 39.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 777,353 shares of the construction company’s stock valued at $51,313,000 after purchasing an additional 218,514 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $1,737,000. Assetmark Inc. raised its stake in shares of Taylor Morrison Home by 2.7% during the 4th quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock valued at $46,978,000 after purchasing an additional 21,150 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Taylor Morrison Home by 521.5% during the 4th quarter. SG Americas Securities LLC now owns 21,590 shares of the construction company’s stock valued at $1,271,000 after purchasing an additional 18,116 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $71.64 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. Taylor Morrison Home Corporation has a 52-week low of $54.15 and a 52-week high of $72.50. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.66 and a beta of 1.47. The business’s fifty day moving average is $62.57 and its 200 day moving average is $62.20.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the business earned $2.07 earnings per share. The firm’s revenue was down 26.8% on a year-over-year basis. Research analysts predict that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TMHC. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Weiss Ratings lowered Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Truist Financial decreased their price objective on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research note on Monday, June 1st. Finally, Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Hold” and a consensus price target of $76.86.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.