TRI Pointe Group Inc (TPH) Position Trimmed by Chicago Equity Partners LLC

Chicago Equity Partners LLC trimmed its position in shares of TRI Pointe Group Inc (NYSE:TPH) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,880 shares of the construction company’s stock after selling 8,750 shares during the period. Chicago Equity Partners LLC owned 0.12% of TRI Pointe Group worth $2,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of TRI Pointe Group in the second quarter valued at $172,000. Jane Street Group LLC acquired a new position in shares of TRI Pointe Group in the second quarter valued at $185,000. Eqis Capital Management Inc. acquired a new position in shares of TRI Pointe Group in the second quarter valued at $197,000. Fox Run Management L.L.C. acquired a new position in shares of TRI Pointe Group in the second quarter valued at $208,000. Finally, LPL Financial LLC acquired a new position in shares of TRI Pointe Group in the first quarter valued at $209,000.

TPH stock opened at $11.92 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.34 and a current ratio of 0.34. TRI Pointe Group Inc has a 52 week low of $10.55 and a 52 week high of $19.55. The stock has a market capitalization of $1.77 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 0.70 and a beta of 1.36.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, October 24th. The construction company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.04. TRI Pointe Group had a net margin of 7.51% and a return on equity of 14.09%. The business had revenue of $771.80 million for the quarter, compared to the consensus estimate of $768.01 million. During the same period in the prior year, the company posted $0.48 earnings per share. TRI Pointe Group’s revenue was up 19.0% compared to the same quarter last year. On average, analysts predict that TRI Pointe Group Inc will post 1.78 EPS for the current year.

TPH has been the topic of several research reports. Wedbush set a $11.00 price objective on shares of TRI Pointe Group and gave the company a “hold” rating in a report on Thursday, October 25th. Evercore ISI downgraded shares of TRI Pointe Group from an “in-line” rating to an “underperform” rating in a report on Monday, October 1st. ValuEngine downgraded shares of TRI Pointe Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of TRI Pointe Group from a “strong sell” rating to a “hold” rating in a report on Saturday, October 27th. Finally, JMP Securities set a $14.00 price objective on shares of TRI Pointe Group and gave the company a “buy” rating in a report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.90.

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About TRI Pointe Group

TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.

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Institutional Ownership by Quarter for TRI Pointe Group (NYSE:TPH)

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