8,047 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Bought by Holocene Advisors LP

Holocene Advisors LP bought a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,047 shares of the construction company's stock, valued at approximately $565,000.

A number of other hedge funds have also added to or reduced their stakes in TMHC. Forum Financial Management LP grew its holdings in Taylor Morrison Home by 3.9% in the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company's stock valued at $246,000 after buying an additional 165 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Taylor Morrison Home by 2.1% in the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company's stock valued at $640,000 after acquiring an additional 191 shares during the period. TCW Group Inc. boosted its holdings in Taylor Morrison Home by 0.4% during the second quarter. TCW Group Inc. now owns 52,193 shares of the construction company's stock worth $2,894,000 after buying an additional 213 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Taylor Morrison Home by 2.9% during the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock worth $586,000 after buying an additional 234 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Taylor Morrison Home by 0.9% in the second quarter. Arizona State Retirement System now owns 29,795 shares of the construction company's stock worth $1,652,000 after acquiring an additional 266 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the transaction, the director now owns 2,136,241 shares of the company's stock, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the business's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares in the company, valued at $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,621 shares of company stock worth $9,164,869 in the last quarter. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home Stock Performance

NYSE TMHC traded down $0.42 during trading hours on Friday, reaching $68.89. The stock had a trading volume of 724,092 shares, compared to its average volume of 737,947. The stock has a fifty day moving average of $70.01 and a 200 day moving average of $64.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The stock has a market cap of $7.13 billion, a P/E ratio of 9.11 and a beta of 1.97. Taylor Morrison Home Co. has a 52-week low of $46.59 and a 52-week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the prior year, the company posted $1.62 earnings per share. Taylor Morrison Home's revenue for the quarter was up 26.6% on a year-over-year basis. Sell-side analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TMHC. Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and raised their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com upgraded shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. BTIG Research lifted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Raymond James reissued an "outperform" rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Barclays boosted their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home has an average rating of "Moderate Buy" and an average target price of $77.33.

About Taylor Morrison Home

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.