73,330 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 73,330 shares of the construction company's stock, valued at approximately $4,489,000. Proficio Capital Partners LLC owned approximately 0.07% of Taylor Morrison Home as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV grew its stake in shares of Taylor Morrison Home by 20.8% in the third quarter. KBC Group NV now owns 3,121 shares of the construction company's stock worth $219,000 after acquiring an additional 538 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Taylor Morrison Home during the third quarter valued at $220,000. Natixis Advisors LLC boosted its position in shares of Taylor Morrison Home by 14.1% during the third quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company's stock valued at $1,536,000 after buying an additional 2,705 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of Taylor Morrison Home by 1.3% during the third quarter. Pathstone Holdings LLC now owns 78,824 shares of the construction company's stock valued at $5,538,000 after buying an additional 1,044 shares during the last quarter. Finally, Strategy Asset Managers LLC bought a new position in Taylor Morrison Home in the third quarter valued at about $207,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

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Taylor Morrison Home Price Performance

NYSE TMHC traded down $1.37 during trading on Friday, hitting $59.41. 1,785,172 shares of the stock traded hands, compared to its average volume of 822,542. The company has a market capitalization of $6.04 billion, a P/E ratio of 7.18 and a beta of 2.06. The firm has a 50-day simple moving average of $62.75 and a 200-day simple moving average of $65.87. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 12-month low of $53.17 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TMHC. Royal Bank of Canada increased their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.43.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home 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.