Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP cut its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 52.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,470 shares of the construction company's stock after selling 21,630 shares during the quarter. Qsemble Capital Management LP's holdings in Tri Pointe Homes were worth $882,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Tri Pointe Homes by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,976 shares of the construction company's stock valued at $3,092,000 after purchasing an additional 3,384 shares during the period. Jane Street Group LLC raised its position in shares of Tri Pointe Homes by 171.3% in the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company's stock worth $11,352,000 after acquiring an additional 185,395 shares during the period. Burney Co. boosted its stake in shares of Tri Pointe Homes by 5.6% during the 1st quarter. Burney Co. now owns 45,053 shares of the construction company's stock worth $1,742,000 after acquiring an additional 2,401 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Tri Pointe Homes by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company's stock worth $57,000 after acquiring an additional 588 shares in the last quarter. Finally, CWM LLC grew its position in shares of Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company's stock valued at $83,000 after acquiring an additional 920 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In related news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TPH shares. Zelman & Associates raised Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price target for the company in a report on Tuesday, September 17th. Royal Bank of Canada reduced their target price on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Wedbush reissued a "neutral" rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Oppenheimer reduced their price objective on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.75.

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH opened at $43.64 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. Tri Pointe Homes, Inc. has a 1 year low of $28.74 and a 1 year high of $47.78. The firm has a market capitalization of $4.08 billion, a PE ratio of 9.05, a P/E/G ratio of 0.73 and a beta of 1.60. The business's 50 day moving average price is $43.23 and its 200-day moving average price is $41.62.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. As a group, equities research analysts expect that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.

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