Invesco Ltd. Sells 182,917 Shares of TRI Pointe Group Inc (NYSE:TPH)

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Invesco Ltd. lessened its stake in TRI Pointe Group Inc (NYSE:TPH) by 31.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 395,022 shares of the construction company’s stock after selling 182,917 shares during the quarter. Invesco Ltd. owned about 0.28% of TRI Pointe Group worth $4,728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in TRI Pointe Group in the second quarter valued at about $31,000. NumerixS Investment Technologies Inc increased its holdings in TRI Pointe Group by 53.8% in the second quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the construction company’s stock valued at $48,000 after purchasing an additional 1,400 shares during the last quarter. Dupont Capital Management Corp increased its holdings in TRI Pointe Group by 107.1% in the second quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock valued at $104,000 after purchasing an additional 4,500 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in TRI Pointe Group by 12.0% in the second quarter. Public Employees Retirement System of Ohio now owns 9,581 shares of the construction company’s stock valued at $115,000 after purchasing an additional 1,023 shares during the last quarter. Finally, GAM Holding AG bought a new stake in TRI Pointe Group in the second quarter valued at about $138,000.

A number of equities research analysts recently commented on TPH shares. ValuEngine downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. TheStreet upgraded TRI Pointe Group from a “c+” rating to a “b” rating in a report on Wednesday, September 18th. Finally, Zacks Investment Research downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.60.

Shares of TRI Pointe Group stock opened at $14.42 on Friday. TRI Pointe Group Inc has a 1 year low of $10.37 and a 1 year high of $15.18. The business has a 50-day moving average of $14.41 and a two-hundred day moving average of $13.39. The company has a market capitalization of $2.05 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 1.05 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.64.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. TRI Pointe Group had a return on equity of 9.96% and a net margin of 6.12%. The company had revenue of $692.10 million during the quarter, compared to the consensus estimate of $635.33 million. During the same period in the prior year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities analysts anticipate that TRI Pointe Group Inc will post 1.25 EPS for the current fiscal year.

TRI Pointe Group Profile

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 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, 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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