TRI Pointe Group, Inc. (TPH) Cut to "Hold" at Zacks Investment Research

(NYSE:TPH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Riverhead Management Lc invested in 5,300 shares or 0% of the stock.

Several other institutional investors have also added to or reduced their stakes in TPH. Fox Run Management L.L.C. increased its position in shares of TRI Pointe Group by 90.4% in the first quarter. As of the end of the quarter Cortina Asset Management, LLC had sold 109,143 shares trimming its holdings by 27.6%. First Mercantile Trust Co. purchased a new position in TRI Pointe Group during the first quarter worth about $229,000. 1st Global Advisors Inc. now owns 11,008 shares of the construction company's stock worth $138,000 after buying an additional 984 shares during the last quarter. New York State Teachers Retirement System augmented its ownership by buying 1,100 shares an increase of 1.6% as of 06/30/2017. The value of the total investment in TRI Pointe Group, Inc. increased from $387,000 to $423,000 increasing 9.3% since the last quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company's stock worth $173,000 after buying an additional 3,276 shares during the last quarter. United Services Automobile Association bought a new stake in shares of TRI Pointe Group during the first quarter worth approximately $3,950,000. TRI Pointe Group Inc (NYSE:TPH) has risen 19.18% since August 11, 2016 and is uptrending.

The stock decreased 1.22% or $0.17 during the last trading session, reaching $13.71. The stock had a trading volume of 1,565,871 shares. The stock has a market cap of $2.09 billion, a P/E ratio of 16.37 and a beta of 1.66. The stock's 50 day moving average price is $13.49 and its 200 day moving average price is $12.69. TRI Pointe Group, Inc., formerly known as Tri Pointe Homes, Inc., is headquartered in Irvine, California.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The California-based Wells Fargo And Mn has invested 0% in TRI Pointe Group Inc (NYSE:TPH). The firm had revenue of $568.80 million for the quarter, compared to the consensus estimate of $563.72 million. During the same period in the prior year, the firm earned $0.46 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter past year. On average, equities research analysts predict that TRI Pointe Group, Inc. will post $1.35 earnings per share for the current fiscal year.

TRI Pointe Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, July 26th that permits the company to repurchase $50.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued. "(NYSE:TPH) Shares Sold by Credit Suisse AG" was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and global trademark & copyright laws. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/new-york-state-teachers-retirement-system-lowers-position-in-tri-pointe-group-inc-nysetph-updated-updated/1266278.html.

(NYSE:TPH) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, August 1st. Zacks Investment Research upgraded shares of TRI Pointe Group from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Thursday, August 3rd. ValuEngine cut shares of TRI Pointe Group from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd.

TRADEMARK VIOLATION WARNING: "Teachers Advisors LLC Sells 1,277,941 Shares of TRI Pointe Group, Inc". The rating was downgraded by Barclays Capital to "Equal-Weight" on Tuesday, July 11. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. BidaskClub raised shares of TRI Pointe Group from a "sell" rating to a "hold" rating in a research note on Wednesday, June 21st. The Company's homebuilding operation consists of six divisions: Maracay Homes, including activities in Arizona; Pardee Homes, consisting of activities in California and Nevada; Quadrant Homes, consisting of activities in Washington; Trendmaker Homes, consisting of activities in Texas; TRI Pointe Homes, consisting of activities in California and Colorado, and Winchester Homes, consisting of activities in Maryland and Virginia. The Company's operations are organized in two principal businesses, including homebuilding and financial services.

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