Lazard Asset Management LLC Decreases Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Lazard Asset Management LLC lowered its holdings in Tri Pointe Homes, Inc. (NYSE:TPHGet Rating) by 95.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,005 shares of the construction company’s stock after selling 283,722 shares during the quarter. Lazard Asset Management LLC’s holdings in Tri Pointe Homes were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Captrust Financial Advisors raised its stake in shares of Tri Pointe Homes by 30.4% in the first quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock worth $46,000 after purchasing an additional 531 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Tri Pointe Homes by 5.9% during the first quarter. Crossmark Global Holdings Inc. now owns 11,120 shares of the construction company’s stock valued at $223,000 after acquiring an additional 620 shares during the last quarter. Comerica Bank increased its position in Tri Pointe Homes by 0.7% during the first quarter. Comerica Bank now owns 90,060 shares of the construction company’s stock valued at $1,907,000 after acquiring an additional 630 shares during the last quarter. Federated Hermes Inc. increased its position in Tri Pointe Homes by 2.5% during the first quarter. Federated Hermes Inc. now owns 28,674 shares of the construction company’s stock valued at $576,000 after acquiring an additional 698 shares during the last quarter. Finally, Signaturefd LLC increased its position in Tri Pointe Homes by 77.7% during the first quarter. Signaturefd LLC now owns 1,928 shares of the construction company’s stock valued at $39,000 after acquiring an additional 843 shares during the last quarter. Hedge funds and other institutional investors own 99.96% of the company’s stock.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $17.68 on Monday. The stock has a 50-day simple moving average of $16.33 and a two-hundred day simple moving average of $17.84. Tri Pointe Homes, Inc. has a 52-week low of $14.59 and a 52-week high of $28.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $1.78 billion, a PE ratio of 3.59 and a beta of 1.40.

Wall Street Analyst Weigh In

TPH has been the subject of a number of research reports. StockNews.com initiated coverage on Tri Pointe Homes in a research report on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet cut Tri Pointe Homes from a “b-” rating to a “c+” rating in a research report on Monday, September 26th. Finally, B. Riley reduced their price objective on Tri Pointe Homes from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, October 18th.

About Tri Pointe Homes

(Get Rating)

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland, Virginia, and the District of Columbia.

Further Reading

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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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