GSA Capital Partners LLP Buys New Holdings in Taylor Morrison Home Corporation $TMHC

GSA Capital Partners LLP purchased a new position in Taylor Morrison Home Corporation (NYSE:TMHC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,496 shares of the construction company’s stock, valued at approximately $2,762,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new stake in shares of Taylor Morrison Home during the 2nd quarter worth $258,000. Canvas Wealth Advisors LLC acquired a new position in Taylor Morrison Home during the second quarter worth approximately $575,000. Versant Capital Management Inc lifted its stake in Taylor Morrison Home by 8.2% in the second quarter. Versant Capital Management Inc now owns 13,244 shares of the construction company’s stock valued at $950,000 after buying an additional 1,001 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Taylor Morrison Home by 42.6% in the first quarter. Pacer Advisors Inc. now owns 549,111 shares of the construction company’s stock valued at $31,980,000 after buying an additional 164,159 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Taylor Morrison Home by 50.5% in the first quarter. Parallel Advisors LLC now owns 1,499 shares of the construction company’s stock valued at $87,000 after acquiring an additional 503 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $72.45 on Friday. The business has a 50 day simple moving average of $72.07 and a 200-day simple moving average of $65.30. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The stock has a market capitalization of $6.77 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44.

Analyst Ratings Changes

A number of brokerages have recently commented on TMHC. Truist Financial cut their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Citizens Jmp cut shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. Finally, Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home 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.