TRI Pointe Group, Inc. (TPH) Stake Raised by Skba Capital Management LLC

Skba Capital Management LLC boosted its stake in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,320 shares of the construction company’s stock after purchasing an additional 2,500 shares during the quarter. Skba Capital Management LLC’s holdings in TRI Pointe Group were worth $360,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TPH. Amalgamated Bank raised its stake in shares of TRI Pointe Group by 0.5% in the 1st quarter. Amalgamated Bank now owns 20,926 shares of the construction company’s stock valued at $262,000 after buying an additional 101 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of TRI Pointe Group by 3.4% in the 2nd quarter. First Mercantile Trust Co. now owns 18,855 shares of the construction company’s stock valued at $249,000 after buying an additional 625 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of TRI Pointe Group by 1.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 42,022 shares of the construction company’s stock valued at $548,000 after buying an additional 650 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of TRI Pointe Group by 1.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 50,670 shares of the construction company’s stock valued at $635,000 after buying an additional 700 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of TRI Pointe Group by 6.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock valued at $168,000 after buying an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 98.68% of the company’s stock.

Shares of TRI Pointe Group, Inc. (TPH) opened at 13.06 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 15.51 and a beta of 1.66. TRI Pointe Group, Inc. has a one year low of $10.35 and a one year high of $14.21. The firm’s 50-day moving average is $13.13 and its 200-day moving average is $12.83.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $568.80 million for the quarter, compared to analysts’ expectations of $563.72 million. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. TRI Pointe Group’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.46 EPS. Analysts expect that TRI Pointe Group, Inc. will post $1.34 EPS for the current fiscal year.

TRI Pointe Group declared that its Board of Directors has approved a share buyback program on Wednesday, July 26th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities analysts have recently issued reports on TPH shares. ValuEngine cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, July 19th. Barclays PLC lowered shares of TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a report on Tuesday, July 11th. BidaskClub raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Citigroup Inc. lowered shares of TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.13.

About TRI Pointe Group

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

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

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