ING Groep NV Invests $255000 in TRI Pointe Group, Inc. (NYSE:TPH)

Barsaba Taglieri
Agosto 12, 2017

Finally, Leith Wheeler Investment Counsel Ltd. acquired a new stake in TRI Pointe Group during the first quarter worth $1,289,000. The institutional investor owned 140,526 shares of the construction company's stock after selling 36,495 shares during the period. 1st Global Advisors Inc. boosted its position in TRI Pointe Group by 9.8% in the first quarter. 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. As of the end of the quarter Cortina Asset Management, LLC had sold a total of 109,143 shares trimming its position 27.6%.

As of the end of the quarter Thrivent Financial For Lutherans had bought 1,190 shares growing its position 3.9%. Highbridge Capital Management LLC increased its stake in TRI Pointe Group by 172.7% in the fourth quarter. Nationwide Fund Advisors boosted its position in shares of TRI Pointe Group by 2.3% in the first quarter. Thrivent Financial for Lutherans now owns 25,130 shares of the construction company's stock worth $288,000 after buying an additional 2,300 shares during the period. Louisiana State Employees Retirement System raised its position in shares of TRI Pointe Group by 11.4% in the first quarter. State Street Corp now owns 5,866,876 shares of the construction company's stock worth $73,571,000 after buying an additional 311,836 shares during the period.

Several other institutional investors have also added to or reduced their stakes in TPH. (NYSE:TPH) traded up 0.51% during midday trading on Friday, hitting $13.78. 1,565,871 shares of the company traded hands. TRI Pointe Group, Inc. 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 is trading at $13.73 just a bit higher than $13.45, the stock's 50 day moving average and which is well above the 200 day moving average of $12.68.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, July 26th. After $1.21 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth. The business had revenue of $568.80 million for the quarter, compared to the consensus estimate of $563.72 million. Deutsche Bank maintained TRI Pointe Group Inc (NYSE:TPH) on Friday, March 18 with "Buy" rating. Analysts expect next quarter's EPS will be $0.64 and the next full year EPS is anticipated to be $1.49.

TRI Pointe Group declared that its board has approved a stock repurchase program on Wednesday, July 26th that permits the company to buyback $50.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued. Swiss Bank & Trust stated it has 0% of its portfolio in TRI Pointe Group Inc (NYSE:TPH). If you are viewing this piece on another publication, it was illegally copied and republished in violation of global copyright law. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark and 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. It dived, as 32 investors sold TPH shares while 79 reduced holdings. Finally, TheStreet upgraded shares of TRI Pointe Group from a "c" rating to a "b-" rating in a research note on Monday, July 10th. TRI Pointe Group has a consensus rating of "Hold" and a consensus target price of $14.13. BidaskClub upgraded shares of TRI Pointe Group from a "sell" rating to a "hold" rating in a research report on Wednesday, June 21st. Barclays PLC downgraded shares of TRI Pointe Group from an "overweight" rating to an "equal weight" rating and set a $14.00 target price for the company.in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Citigroup Inc. downgraded TRI Pointe Group from a "buy" rating to a "neutral" rating and set a $15.00 price objective on the stock.in a research report on Thursday, July 27th. Highlander Capital Lc has invested 0.01% in TRI Pointe Group Inc (NYSE:TPH). The Company's activities are organized in two principal businesses, including homebuilding and financial services. 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.

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