Polar Asset Management Partners Inc. Takes Position in Taylor Morrison Home Corporation $TMHC

Polar Asset Management Partners Inc. purchased a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 293,163 shares of the construction company’s stock, valued at approximately $21,032,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new position in Taylor Morrison Home during the second quarter valued at $25,000. Miller Capital Partners Inc. purchased a new stake in shares of Taylor Morrison Home in the 4th quarter worth about $27,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Taylor Morrison Home in the 4th quarter worth about $33,000. Root Financial Partners LLC increased its stake in shares of Taylor Morrison Home by 65.7% in the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after acquiring an additional 253 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Taylor Morrison Home during the 4th quarter valued at about $45,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $72.45 on Wednesday. The firm has a market cap of $6.77 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44. 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 fifty-two week low of $54.15 and a fifty-two week high of $72.50. The firm has a 50-day simple moving average of $72.16 and a two-hundred day simple moving average of $65.83.

Analysts Set New Price Targets

Several research firms recently commented on TMHC. Barclays reissued an “equal weight” rating and set a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Royal Bank Of Canada cut Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Raymond James Financial lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Finally, Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.