Meeder Asset Management Inc. Cuts Stake in Taylor Morrison Home Corp (NYSE:TMHC)

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Meeder Asset Management Inc. reduced its stake in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 90.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,257 shares of the construction company’s stock after selling 22,015 shares during the period. Meeder Asset Management Inc.’s holdings in Taylor Morrison Home were worth $49,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TMHC. PEAK6 Investments LLC purchased a new position in Taylor Morrison Home in the fourth quarter valued at approximately $2,211,000. Towle & Co. raised its holdings in Taylor Morrison Home by 36.6% in the fourth quarter. Towle & Co. now owns 1,427,251 shares of the construction company’s stock valued at $31,200,000 after buying an additional 382,250 shares during the period. Amalgamated Bank raised its holdings in Taylor Morrison Home by 8.8% in the fourth quarter. Amalgamated Bank now owns 17,484 shares of the construction company’s stock valued at $382,000 after buying an additional 1,411 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in Taylor Morrison Home by 36.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 312,662 shares of the construction company’s stock valued at $6,835,000 after buying an additional 82,710 shares during the period. Finally, Pacitti Group Inc. purchased a new position in Taylor Morrison Home in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 82.11% of the company’s stock.

In other news, Director Peter R. Lane sold 31,848 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.59, for a total transaction of $846,838.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sheryl Palmer sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $28.07, for a total transaction of $1,403,500.00. Following the sale, the chief executive officer now directly owns 221,773 shares of the company’s stock, valued at approximately $6,225,168.11. The disclosure for this sale can be found here. Insiders have sold 102,107 shares of company stock valued at $2,810,087 in the last three months. Corporate insiders own 1.90% of the company’s stock.

Shares of TMHC stock traded down $0.09 during mid-day trading on Thursday, reaching $11.95. 387,474 shares of the company were exchanged, compared to its average volume of 4,307,181. Taylor Morrison Home Corp has a fifty-two week low of $6.39 and a fifty-two week high of $28.47. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.73 and a current ratio of 6.76. The company has a market capitalization of $1.62 billion, a P/E ratio of 5.04 and a beta of 0.78. The business’s 50 day simple moving average is $21.22 and its 200 day simple moving average is $23.48.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 5th. The construction company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.08. Taylor Morrison Home had a net margin of 5.35% and a return on equity of 12.86%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company earned $0.86 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts forecast that Taylor Morrison Home Corp will post 3.05 EPS for the current year.

Several brokerages have issued reports on TMHC. ValuEngine downgraded shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 26th. Barclays reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Taylor Morrison Home in a research report on Tuesday, March 17th. JPMorgan Chase & Co. downgraded shares of Taylor Morrison Home from an “overweight” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday, March 18th. Zacks Investment Research downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Taylor Morrison Home in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Taylor Morrison Home has an average rating of “Hold” and a consensus target price of $20.75.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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