TRI Pointe Group Inc (TPH) : Orca Investment Management reduced its stake in TRI Pointe Group Inc by 2.4% during the most recent quarter end. The investment management company now holds a total of 217,020 shares of TRI Pointe Group Inc which is valued at $3,036,110 after selling 5,327 shares in TRI Pointe Group Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.TRI Pointe Group Inc makes up approximately 2.85% of Orca Investment Management’s portfolio.
Other Hedge Funds, Including , Huntington National Bank sold out all of its stake in TPH during the most recent quarter. The investment firm sold 584 shares of TPH which is valued $8,170.Ls Investment Advisors boosted its stake in TPH in the latest quarter, The investment management firm added 3,563 additional shares and now holds a total of 8,974 shares of TRI Pointe Group Inc which is valued at $119,803. TRI Pointe Group Inc makes up approx 0.01% of Ls Investment Advisors’s portfolio.1st Global Advisors reduced its stake in TPH by selling 49 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 10,296 shares of TPH which is valued at $137,452. TRI Pointe Group Inc makes up approx 0.02% of 1st Global Advisors’s portfolio.Weaver C. Barksdale Associates boosted its stake in TPH in the latest quarter, The investment management firm added 86 additional shares and now holds a total of 927 shares of TRI Pointe Group Inc which is valued at $12,144. TRI Pointe Group Inc makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.
TRI Pointe Group Inc closed down -0.48 points or -3.45% at $13.45 with 24,40,361 shares getting traded on Friday. Post opening the session at $13.93, the shares hit an intraday low of $13.345 and an intraday high of $14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, TRI Pointe Group Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.29. The company had revenue of $556.93 million for the quarter, compared to analysts expectations of $548.75 million. The company’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Many Wall Street Analysts have commented on TRI Pointe Group Inc. Company shares were Reiterated by FBR Capital on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .Company shares were Reiterated by FBR Capital on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .
TRI Pointe Group Inc. formerly Tri Pointe Homes Inc. is engaged in the design construction and sale of single-family homes. The Company’s operations are organized into six segments: Maracay consisting of operations in Arizona; Pardee consisting of operations in California and Nevada; Quadrant consisting of operations in Washington; Trendmaker consisting of operations in Texas; TRI Pointe consisting of operations in California and Colorado and Winchester consisting of operations in Maryland and Virginia. The Company operates approximately 108 communities and 29718 lots owned or controlled. The Company sells its homes through its own sales representatives and through independent real estate brokers.